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Why Data Needs to Drive the Transition to Value-Based Care
With 10 years of experience in alternative payment models and newly appointed federal government officials shaping the national reform agenda, the industry has the wherewithal to achieve impactful payment transformation, Armbrester said. And as health systems and health plans are on the cusp of a wave of diagnoses, delayed care and elective procedures flowing back into the system post-pandemic, Armbrester and others are espousing a move toward value-based care that drives better outcomes and improves affordability while reducing waste.
As devastating as COVID-19 has been, it has given the U.S. health care system an opportunity to rethink how care is delivered and paid for, as well as what quality care really means relative to the ongoing transition to value-based payments.
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