Question

Write a 1 - 2 page paper on what delivering value in healthcare means to you as both a professional and consumer. You must use APA format.

Answer 1

A value-based system goes hand in hand with patient-centeredness. Today’s fragmented health care system should move toward what patients want, considering and respecting their feelings in clinical procedures. Value-based healthcare is a healthcare delivery model in which providers, including hospitals and physicians, are paid based on patient health outcomes. Health care management is clearly moving toward a patient-centered system (PCS), where outcomes achieved and units organized around the patient’s needs are the main guidelines for the delivery of high-value care.  Nonetheless, a large consensus on the meaning of “value” is still lacking: patients, physicians, policymakers, and other health care professionals have different ideas on which component of value may play a prominent role. Nowadays, the concept of value is a prominent topical issue in health care. Individual needs, wishes, preferences, and ethics influence the meaning of value which, in turn, is influenced by different cultures or historical periods.

Benefits for the consumer and professionals :

EASY COST : The individual or patient has to pay according to services, as it does not fee centred system. Patients get high quality of care to prevent rare disease or chronic disease. doctors, nurses and orther paramedical staff tries to give their best and give patient centered care. There is no need to pay so much cost and expenses to organization.

SELF SATISFACTION: In return the physician and nurses get self-satisfaction for providing value-based care to client. Quality and patient engagement measures increase when the focus is on value instead of volume.

BETTER OUTCOME AND BETTER EFFICIENCIES: value-based care gives opportunities to physician and staff.

IMPROVE QUALITY OF LIFE: In fact, providers considered value on the basis of the appropriateness of care and effective, evidence-based interventions; economic representatives defined value as the clinical benefit achieved for the money spent. From a patient’s perspective, the burden of illness is not limited to disease status, but it is also important to consider quality of life

MAINTAINS STANDARD OF CARE: In accordance with ethical standards, the practice of in health care delivery systems is based on established scientific and professional knowledge. All the health care providers try to maintain their codes of ethics in value-based care model. They consider individual differences and respect all cultures.

GOOD COMMUNICATION AND DECISION MAKING: To improve the quality of care, it emphasizes how communication, health care access, and shared decision-making (SDM) are the key elements in a valuable health care environment.

EVIDENCED BASED CARE: The EBM introduced a new way to make good clinical decisions: health care decisions should be based on the best available evidence mixed with clinical expertise. External evidence and clinical expertise must be integrated with patients’ preferences in making medical decisions about their care; only in this way, doctors will be able to identify the best interventions to maximize QoL of patients and minimize the cost of their care.

According to this, the American Heart Association (AHA) underlines that, even though clinical efficacy and outcomes constitute the primary basis of good medical practice, value plays – together with costs – an important role, and it includes positive results in patient’s outcome, safety, and satisfaction at a total cost that is reasonable and affordable.

In summary, VBM underlies the value aspect missing in EBM. In particular, EBM provides data that are converted to a measure of value through a cost–utility analysis and later combined with costs.