The U.S. is stuck in a system of volume-based (fee-for-service) care that continues to drive up costs without providing better outcomes for patients.
The U.S. is stuck in a system of volume-based (fee-for-service) care that continues to drive up costs without providing better outcomes for patients. At a time when so many Americans and employers are looking for new solutions to high prices and poor health outcomes, value-based care can slow the trajectory of costs. Instead of clinicians charging patients and insurers for every appointment, test, or service, value-based payment approaches provide clinicians with more flexibility and accountability to focus on meaningful, cost-effective services to improve their patients’ overall health. Opportunities for success include fewer visits to the doctors’ office, fewer trips to the emergency room, and ultimately the elimination of avoidable hospitalizations.
The United States is going through a fundamental shift in its demographics. By 2035, there will be more seniors than children under the age of 18.
This comes as the number of clinicians and caregivers for those seniors is decreasing rapidly, putting pressure on healthcare and social service systems to improve the efficiency of how they care for our nation’s seniors.
Telehealth and connected care have the potential to increase the reach of the healthcare system where seniors want to receive care.
Regardless of reimbursement and incentives, connected care and telehealth are essential for any healthcare system to adapt to our nation’s changing demographics and provide care that helps seniors age-in-place.