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Healthcare Management vocabulary · Health Systems and Governance

Value-based care

Meaning in healthcare management, with examples

nounAdvanced term

In healthcare management, value-based care means: A way of organising and paying for healthcare that rewards providers for the health results they achieve for patients relative to cost, not for the number of services.

In Turkish: değere dayalı sağlık hizmeti, değer bazlı sağlık

How it is used

A popular term in strategy and policy, based on the idea that value means outcomes divided by cost. Examples include bundled payments for a whole episode of care and bonuses linked to quality measures. It is usually presented as the alternative to fee-for-service.

Example sentences

  1. Under value-based care, we are paid more if our diabetic patients stay out of hospital.

  2. Moving to value-based care requires reliable data on outcomes and costs.

Common collocations

  • value-based care model
  • move to value-based care
  • value-based payment
  • bundled payment
  • fee-for-serviceA payment method in which providers are paid separately for each visit, test or procedure they carry out.
  • capitationA payment method in which a provider receives a fixed amount for each registered person over a period, whether or not that person uses any care.
  • clinical outcomeThe effect of care on a patient's health, such as recovery, complications, quality of life or death, used to judge how well a treatment or service works.
  • cost-effectivenessHow much health benefit a treatment or service gives for the money spent on it, usually compared with other options.

More terms: Health Systems and Governance

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This page explains English vocabulary for learners. It is not medical advice.