Director of Quality Improvement The Compliance Team
The term value-based care refers to a form of reimbursement that directly links payments for care delivery to the quality of care provided and rewards providers for both efficiency and effectiveness. Improving patient outcomes has always been at the core of why pharmacists do what they do. When pharmacists embrace value-based care, it makes it easier for them to contract and build relationships with payors, creating a smoother pathway for reimbursement of high-value clinical services. From a payor perspective, better outcomes equate to healthier patients and lower costs. Due to the powerful tie to outcomes, value-based care gives payors a way to ensure provider accountability.
So what exactly makes pharmacy-driven value-based care such an attractive proposition to payors? Two things. Outcomes and accountability. We want to validate the work the pharmacies are doing to expand and evolve into this model with our Patient-Centered Pharmacy Home accreditation.
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