Value-based care presents an opportunity for you to show patients, other providers, and insurance companies (public and private payers)
why your services are necessary,
how your services/interventions directly impact patient outcomes, and
how you work together with other providers in a collaborative team environment.
Although the concept may be new, here are some tips that will help you transition to the value mindset.
On this page:
True/total cost of business is the amount of money that you spend on providing the expected care—it consists of fixed costs (FC) and variable costs (VC).
See also: Revenue, Cost and Profit (BBC)
Questions? Email firstname.lastname@example.org.