To get healthcare costs under control and “bend the cost curve,” the Centers for Medicare & Medicaid Services is moving from a volume-based reimbursement model to one based on value. To that end, the Center for Medicare & Medicaid Innovation has developed over a dozen new voluntary and mandatory value-based payment models.
Precision’s Dominic Galante and Erin Lopata compare the advantages and disadvantages of voluntary and mandatory value-based payment models as the Biden administration signals a shift to using mandatory value-based payment models to reign in healthcare costs.
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