Value of value-based care
Value-based care is at the foundation of a transformational shift in how healthcare is delivered and paid for, with a stronger focus on overall healthcare vs. sick care. Realizing the full scope of its benefits and the many ways it will positively impact your employees and your organization will take time.
It's important to view value-based care as a journey. Over time, your employees may experience: stronger relationships with doctors who better coordinate and help manage their total health, greater focus on prevention and wellness, better management of chronic conditions, fewer unnecessary procedures and treatments, lower duplication of tests, and fewer avoidable hospital admissions and emergency department visits.
These can drive better overall employee health, lower direct and indirect costs for your company and employees, improved employee productivity and presenteeism, and increased employee engagement and satisfaction with their healthcare.
Remember, results will continually improve as more providers enter value-based care programs, value-based care programs mature and evolve, and more members see value-based care providers.
Plus, early results are promising: 14 percent fewer emergency department visits, 3 percent lower hospital readmission rates, 8 percent better comprehensive diabetes care, 7 percent better breast cancer screening rates, and a more than 35 percent decrease in aggregate cost trend in some cases, compared to national averages.
Have questions about value-based care? Blue Cross and Blue Shield companies are here to help you get the most value from these programs. Learn more at smarterbetterhealthcare.com.