The healthcare industry is a complex web of interconnected systems and entities, from insurance payers, to providers and practices, to regulatory bodies, each with its own interests and goals. One goal they share, though, is that patients should receive high-quality, efficient, and affordable healthcare.
While they may at times feel at odds, these separate healthcare entities have been working together to improve care delivery and payment processes to better serve patients. Over the past decade, the healthcare industry has witnessed significant changes in its payment models, with fee-for-service (FFS) and value-based care (VBH) emerging as two primary models.