Healthcare

Value Creation In Healthcare Through Novel Delivery Models

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<p>Often, all of us have asked these questions to ourselves at some point in our lifetime.&nbsp;</p><p>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?&nbsp;Do I pay for fitness services?&nbsp;</p><p>'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&nbsp;<strong>#valuebasedhealthcare</strong></p><p>Value-based healthcare is a novel healthcare delivery model in which providers, including hospitals and physicians, are paid based on patient health outcomes.&nbsp;</p><p>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.</p><p>Here is a link to a detailed report by&nbsp;<strong>#PWC</strong>&nbsp;on &lsquo;How ready is India for such a novel healthcare model&rsquo;</p><p><strong>#DigitalTherapeutics</strong>, 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.</p><p>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 more sense and as the healthcare landscape continues to evolve, providers increase their adoption of value-based care models, they may see longer-term costs decline.</p><p><img style="display: block; margin-left: auto; margin-right: auto;" src="https://kradminasset.s3.ap-south-1.amazonaws.com/ExpertViews/porus+rawal+image.PNG" width="599" height="770" /></p>
KR Expert - Porus Rawal