The tepid relationship between health equity and value-based care became all too real during COVID-19. Vulnerable populations were severely impacted by the pandemic, resulting in higher infection rates and deaths.
Unlike traditional fee-for-service healthcare, VBC emphasizes keeping people well over “sick care.” As a holistic approach to healthcare, VBC can leverage social determinants of health (SDoH) to develop individualized care plans and to inform population health strategies.
VBC that combines with SDoH to promote health literacy can achieve greater health equity, healthier outcomes, and lower healthcare costs.
But VBC isn’t possible without inclusive value-based benefits design and implementation of value-based benefits administration (VBBA) that incorporates health at the “edge.” That means reaching patients in the home and in the community – physically and through digital technology – to address the needs of vulnerable populations and empower patients through “precision health.”
Read the full article here: https://www.healthcarebusinesstoday.com/why-payers-and-employers-should-seek-out-community-care-networks/