It's Time for Episode-Based Health Care Spending - Harvard Business Review
According to the authors, "there is widespread agreement that if the United States is to achieve sustainable levels of health care spending, it must make greater use of payment mechanisms that reward physicians, hospitals, and health systems for the results achieved. The vexing question is how best to make this transition.
Today, payers and providers are using a range of strategies to accomplish this goal, including patient-centered medical homes, value-based contracting, and accountable care organizations(ACOs)".
The authors applaud this trend. However "our research and experience have convinced us that the transition to outcomes-based payment will occur more easily if both payers and providers take an intermediate step and make greater use of retrospective episode-based payment (REBP)". This article explains it:
It's Time for Episode-Based Health Care Spending - Harvard Business Review
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