Five Key Principles of Value-Based Care

Modern-day healthcare, globally and within the Middle East, is undergoing a tectonic shift to a more patient-centric approach known as value-based care (VBC). This model brings immense focus to providing healthcare services through a patient-centered setup and improving the overall health of the population. Even now, there are multiple apprehensions surrounding the adoption of value-based care models and organizations are still struggling to answer the most simple yet the most intricate question- how do we make this shift to VBC and where do we start?

What are the key principles of Value-Based Care?

To realize the goal of VBC, it is quintessential that we first clearly define what it is in the Middle Eastern context. Simply put, VBC is a healthcare delivery model that emphasizes the delivery of high-quality, efficient, and patient-focused care for all to drive better patient outcomes and experiences. While all healthcare systems are trying to implement VBC, there are certain foundational principles that remain key to ensuring the success of the initiatives undertaken in this direction. These include-

1. Patient-Centered Approach: The patient is at the heart of value-based Care. It demands a clear understanding of individual patient needs, preferences, and goals. Getting a complete picture of the patient’s care journey results in better patient outcomes, reduced hospital readmissions, better chronic disease management, and improved overall health and well-being.
2. Care Coordination: Collaboration between providers, insurers, and patients is vital in the VBC model. It is critical for pre-visits, during visits, and post-discharge. The seamless coordination before visits ensures care managers are well-prepared to engage with patients. During the inpatient visit, recording every care episode and sharing information cross-teams encompasses coordination. Delivering coordinated services post-discharge helps improve medication adherence, reduce the chances of readmissions, and enhance the overall patient experience.
3. Focus on Prevention and Early Intervention: One of the core focuses of value-based care is keeping patients healthy. Under the value-based care model, providers must take a proactive approach by focusing on preventive measures and early intervention. This is primarily to avoid costly and avoidable complications which can impact any patient’s care journey.
4. Data-Driven Care: Data runs our world today from tracking, measuring, auditing, projections, and more. VBC also emphasizes heavily on data analytics to identify trends, patterns, and areas for improvement leveraging complete patient data. This data must be multi-level with a spectrum of insights that can be drilled down from the population level to the patient level.
5. Outcome-Based Care: This core principle of the value-based care model ties providers to improving patient outcomes at affordable costs. The patient outcomes can include easy access to health data, their overall experience with the provider, and other that adds value for patients.

To discuss these key principles in detail and answer all the queries that you may have about VBC and data transformation, join us for an illuminating webinar, brought to you by us in collaboration with Snowflake.