Describe the evolution of value-based purchasing. Explain if there is a difference between value-based purchasing (VBP)...

Describe the evolution of value-based purchasing. Explain if there is a difference between value-based purchasing (VBP) and pay-for-performance (P4P).

Expert Solution

In value base performance pay patient will pay to doctors based on the rate of recovery and effective treatment. This will reduce the unnecessary cost in which payment is done regard less of the patient recovery and treatment effectiveness. This will also lead to healthier people as more and more people are treated effective for proper payment we can expect good treatment. This will also lead to better preventive care and personalized care even after visiting different doctors and physician.

Pay for money is different concept compared to value based performance while the payment in done on the quality of treatment in the value based performance in the case of pay for performance payment is done for achieving goals like reducing eh risk of chronic disease managing the preventive disease effectively and treating majority of patient with less bad outcomes considering all these scenarios the doctors are paid with extra pay based on the their performance and work.

gladiator answered 1 year ago

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