The Ethics of Value Based Care: Balancing Cost and Quality of Life

In healthcare, the debate between the quality of care and cost-effectiveness is ever-present. How can we provide premium-quality healthcare while also keeping related expenses down? The answer lies in Value Based Care – a healthcare-providing approach that focuses on the value of services rather than the number of services provided.

VBC is a healthcare delivery model that aims to provide quality care to people while keeping costs down. A Value Based Care Program focuses on outcomes, and rewards providers for elevating healthcare results instead of just providing loads of meaningless services. It also encourages patients to perform a mutual role in their own healthcare, by promoting preventative care and wellness.

Ethical Considerations of Value Based Care Program

VB Care presents ethical considerations for both patients and providers. One of the biggest ethical considerations is the potential for lack of access to care. VBC model may limit the number of services provided to patients, to keep costs downward. This can lead to patients being denied the care that they need.

Another ethical concern is the potential for bias in the Value Based Care Program. If it rewards providers for certain outcomes, providers may be more likely to choose patients that are more likely to achieve those outcomes. This can lead to bias against patients with complex health conditions.

Balancing Cost and Quality of Life

The key to balancing cost and quality of life in VB Care is to focus on patient-centered care. This means that providers should consider the person’s specific needs and preferences for taking treatment decisions. By focusing on patient-centered care, providers can uplift patient outcomes to the next level ultimately followed by lower costs.

Value Based Care Platform

• A Value Based Care Platform is a technology platform that helps healthcare providers deliver high-quality, cost-effective care to their patients.

• The platform integrates data from various sources, such as EHRs, claims data, and social determinants of health data, to provide a complete outlook of the patient.

• The Value Based Care Platform uses analytics to identify patients who are at risk for poor outcomes and provides insights to help providers improve the whole process.

Searching for a reliable VBC platform to regulate healthcare delivery? Look no further! Persivia Value Based Care Platform provides healthcare providers with the tools and technology they need to deliver high-quality and cost-effective care. Contact us now and get a quote!


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