Value Based Care
Abbreviation: VBC
Definition
Value-Based Care (VBC) in healthcare is a delivery model where providers, including hospitals and physicians, are paid based on patient health outcomes. Under this model, providers strive to achieve the triple aim of providing high-quality care, improving population health, and reducing overall healthcare costs. Instead of being paid per service provided (fee-for-service), providers are rewarded for helping patients improve their health, reduce the effects and incidence of chronic disease, and live healthier lives in an evidence-based way. paid based on patient health outcomes.