Volume-based to value-based health care. (Student Name) (Professor`s Name) (Institution) (Date) Volume-based to value-based health care. Volume-based health care refers to the payments that the health care provider receives for services that a certain patient will require. The quality of the service or the type of service does not make a big difference to the patient. It is also called fee –for- service care. On the other hand value-based health care refers to the system that aims at offering better health care for individuals and the population at large and the health care providers are paid depending on the level of health they provide (Okoro & Urama 2016). The decision by Middleboro community hospital to shift from the volume health care to value-based healthcare has had great health impacts on the patients who seek health services and also the health staff in the to reduce the number of deaths or complications from the long waiting. Finally the hospital can adjust its marketing schemes by embracing and developing formal marketing programs fully to improve on the image and the performance of the hospital (Seidel & Lewis 2013). In conclusion the paradise shift to value-based healthcare by Middleboro community hospital is a great and beneficial step as it has greatly reduced the operational costs improved on the patient’s services improve employee productivity and contribute to the better health of the community at large. This system should thus be adopted by all health care providers globally for better services delivery (Okoro & Urama 2016). References Seidel L. & Lewis J. (2013). The Middleboro casebook: Healthcare Strategy and Operations (1st ed. pp. 159-203). HAP/AUPHA Health Administration Press Okoro K. & Urama C. (2016). Value-Based Health Care. Value In Health 19(3) A18. http://dx.doi.org/10.1016/j.jval.2016.03.299 [...]
To prepare for this Assignment: Read Case 5: Middleboro Community Hospital in this week’s Learning Resources, and consider the actions taken by this organization. Review data tables regarding their case mix (top DRGs), Patient Days, and CMS Core Measures. These metrics address both qualitative and quantitative measures in this organization. The Assignment: Write a brief, 2-page executive summary of the impact of the transition from volume-based to value-based health care. Specifically, address how this change in reimbursement methodology impacts operational requirements and how it can be implemented. Recommend at least two adjustments to operations which may position the organization for success under value-based health care.