The U.S. health system has often been criticized for putting profits above patients with exorbitant fees and overcomplicated processes that get in the way of keeping people healthy.
Value-based care was supposed to fix that, but skewed incentives on the part of some medical providers are getting in the way of changing the delivery of care, according to experts. When it comes to value-based care, most organizations aren’t going beyond the bare minimum, health experts explained at Fortune ’s Brainstorm Health conference in Dana Point, Calif. Tuesday.
While in the traditional system, health care providers are reimbursed for each service they provide, value-based care focuses more on reducing unnecessary costs and the patient experience, usually requiring more involvement on the part of providers. Value-based care was developed as an alternative to the fee-for-service system, which some experts have said fails to provide quality care for all patients. Although true value-based care takes dedication, most organizations’ commitment is “only an inch deep and a mile wide,” said Dr.
Sachin Jain, the CEO of SCAN Group & Health Plan. Some programs are merely doing the minimum to check a box with the Centers for Medicare & Medicaid Services and not really changing the way they deliver care, added Dr. Rajaie Batniji the CEO Waymark, which provides community-based care for people on Medicaid.
“Unfortunately, so much value based care is kind of operating almost like a loyalty re.
