Value-based payment models aim to increase value by improving outcomes and lowering costs. Though there are many possible approaches to achieve this aim, most models use some combination of care coordination and financial incentives/penalties tied to quality metrics. The reading provides a general overview of the types of value-based payment models.
WATCH: The ABCs of ACOs for a brief overview of ACOs. Pay special attention to how they differ from HMOs.
WATCH: The Realities of PCMH through 30:00 for a discussion of PCMH. Pay special attention to how they compare to ACOs.