Question

Please write 4 paragraphs with each paragraph containing 50-60 words.

6. From the provider’s perspective, what are the implications of value-based programs?

Answer 1

Value based program focuses on improving the qualithy of services particular in healthcare sector in order to ensure safety of patient. It holds healthcare delivery system such as healthcare service provider accountable for both cost of healthcare service as well as quality of care. Value based program was developed in order to improve both efficiency as well as effectiveness in the delivery of medical care.

Value based program significanlty helps the service provider or motivate them to improve the quality of healthcare services in order to ensure the safety of the patient. It is necessary for the servcie provider because without ensuring safety of patient, they cannot gain competitive advantages in the market. The quality of service is essential in order to gain confidence of potential customer of the organization.

Value based program also helps service providers to improve the efficiency and effectiveness of delivery of healthcare services. Efficiency as well as effectiveness in delivery of healthcare service is important in order to improve the performance and productivity of the organization. With the help of this, the service providers ensure that they are meeting the needs and demand of potential customer in the market.

Service providers with the help of value based program can significantly acheive the goals and objectives of the organization because it helps the organization to improve efficiency and effectiveness along with performance and productivity of the organization. It will help in achieving competitive advantage that will lead the organization to outdo the key competitors in the market and achieve a new height of success.