The Benefits of Value-Based Healthcare

JAMA Internal Medicine conducted a national study about burnout among physicians. The study revealed that 45.8 percent of doctors reported at least one symptom of burnout. This is likely due to our healthcare system being set up as volume-based rather than value-based. ReactDx, innovators of first-rate Holter Monitoring equipment, discusses the benefits to patients and doctors if value-based healthcare was implemented.

Less Physician Burnout

Since burnout leads to increased medical errors, decreased quality of care, and a feeling of a lack of fulfillment, it is extremely detrimental to both the physician and the patient. When doctors are given the chance to take their time with each patient rather than rushing through as many patients as possible in a day, they experience less burnout.

Doctors Will Get Better Pay, While Patients Get Better Care

Currently, the healthcare system operates with fee-for-service payments. Instead, a value-based approach would reimburse doctors with bundled payments. A physician would receive more for a positive patient outcome than a less-positive outcome. That motivates doctors to give patients that best care possible, and as a result, more patients are going to be helped.

Unnecessary Tests Are Eliminated

With a value-based healthcare system, physicians would no longer be required to order unnecessary tests before treating a problem. For example, a patient may need surgery on their knee, but the protocol is to first require 6 to 8 weeks of physical therapy. Only after the physical therapy is unsuccessful can the patient be given approval for the surgery they need. Value-based care would allow the doctor to bypass the therapy and go straight to the surgery.

Hospitals and Clinics Will Become More Specialized

Instead of being required to treat a large variety of conditions, a value-based system will introduce hospitals and clinics that are more specialized. That means doctors will be able to become experts in a particular field, which will benefit patients who are suffering from a specific diagnosis. For example, one clinic may focus solely on breast cancer, while another only sees patients with diabetes.

Whether the healthcare system remains volume-based, or switches to value-based, doctors will still benefit from using ReactDx’s state-of-the-art Holter Monitoring equipment. The device is an excellent tool for examining a patient’s heart health. Visit ReactDx’s News & Updates page for more advice or give them a call at 800-234-3278.

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