Innovative Healthcare Delivery for Value Creation
Value-based healthcare links provider payments to patient outcomes rather than services. With digital therapeutics and strategic partnerships, this model promises improved health, reduced chronic disease impact, and sustainable long-term cost efficiencies.
Often, all of us have asked these questions to ourselves at some point in our lifetime.
Do I pay for medicines/devices? Do I pay for improving my current state in the disease journey? Do I pay for specialist visits? Do I pay for my insurance policy? Do I pay for fitness services?
'What is healthcare and what do I pay for?' still remains the most ambiguous thought and this is what provoked me to write my first article on LinkedIn about#valuebasedhealthcare
Value-based healthcare is a novel healthcare delivery model in which providers, including hospitals and physicians, are paid based on patient health outcomes.
Under value-based care agreements, providers are rewarded for helping patients improve their health, reduce the effects and incidence of chronic disease, and live healthier lives in an evidence-based way.
Here is a link to a detailed report by#PWCon ‘How ready is India for such a novel healthcare model’
#DigitalTherapeutics, if commercialized in the right way with structured go-to-market strategies seem to be a direct fit for such a novel healthcare delivery model.
Here are a few examples of partnerships that show early promises that moving from a fee-for-service to a fee-for-value system makes…
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