{"id":3955,"date":"2021-06-09T11:39:46","date_gmt":"2021-06-09T11:39:46","guid":{"rendered":"https:\/\/perseivivarium.com\/blog\/?p=3955"},"modified":"2024-02-09T09:14:04","modified_gmt":"2024-02-09T09:14:04","slug":"value-based-healthcare-what-is-it-and-how-do-we-implement-it","status":"publish","type":"post","link":"https:\/\/perseivivarium.com\/blog\/value-based-healthcare-what-is-it-and-how-do-we-implement-it\/","title":{"rendered":"Value-Based Healthcare: What is it and how do we implement it?"},"content":{"rendered":"\n\n[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;-70px||||false|false&#8221;][et_pb_row _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221;][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221;]<h1>Value-Based Healthcare: What is it and how do we implement it?<\/h1>\n<p>by Ana D\u00edaz-Roncero, June 09, 2021<\/p>[\/et_pb_text][et_pb_image src=&#8221;https:\/\/perseivivarium.com\/blog\/wp-content\/uploads\/2021\/06\/Value-Based-Healthcare.-What-is-it-and-how-do-we-implement-it.jpg&#8221; title_text=&#8221;Value-Based Healthcare. What is it and how do we implement it&#8221; _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; width=&#8221;85%&#8221; module_alignment=&#8221;center&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.8.1&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<p><span style=\"font-weight: 400;\">As we have seen recently, life expectancy in developed nations is increasing, having reached an average of 81 years across Europe, according to the Spanish<\/span><a href=\"https:\/\/www.ine.es\/jaxi\/Datos.htm?path=\/t00\/mujeres_hombres\/tablas_1\/l0\/&amp;file=d01007.px\" target=\"_blank\" rel=\"noopener noreferrer\"> <span style=\"font-weight: 400;\">National Statistics Institute<\/span><\/a><span style=\"font-weight: 400;\"> in 2018. However, this increase in life expectancy is accompanied by an increase in chronic diseases and the related healthcare burden. This makes it ever more important to <\/span><b>optimize the healthcare processes and make them more efficient. <\/b><span style=\"font-weight: 400;\">To do that, <strong>V<\/strong><\/span><b>alue-Based Healthcare will play a critical role in the near future.<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/catalyst.nejm.org\/doi\/full\/10.1056\/CAT.17.0558\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Value-Based Healthcare<\/span><\/a><span style=\"font-weight: 400;\"> is a term introduced by Michael Porter. It refers to a model in which <\/span><b>healthcare providers receive their payment as a function of patient outcomes.<\/b><span style=\"font-weight: 400;\"> These results are measured based on the <\/span><b>improvement in patient health, the reduction of the effects and incidence of chronic diseases, and the improvement in their quality of life, all based on the evidence.<\/b><span style=\"font-weight: 400;\"> As a result, the big difference from the current model is that it is not centered on the process, but on the outcomes, and it puts the patient at the center.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To make this model work, it is critical to <\/span><b>measure the patient outcomes and compare them with the related costs<\/b><span style=\"font-weight: 400;\">, with the goal of achieving more efficient processes. This model <\/span><b>is already demonstrating promising results in patient benefits, at the same time as it reduces healthcare costs<\/b><span style=\"font-weight: 400;\">, as can be seen in the bibliographic review,<\/span><a href=\"https:\/\/www.sciencedirect.com\/science\/article\/abs\/pii\/S0302283820309568\" target=\"_blank\" rel=\"noopener noreferrer\">\u00a0&#8220;<i><span style=\"font-weight: 400;\">Value-Based Healthcare in Urology: A Collaborative Review&#8221;<\/span><\/i><\/a><span style=\"font-weight: 400;\">. For example, this model enables quicker recovery, an improvement in quality of life, and a reduction of physician visits and treatment costs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One of the methods that is used most often for measuring outcomes in this model is the <\/span><b>collection of data directly from the patient through<\/b><a href=\"https:\/\/perseivivarium.com\/blog\/patient-reported-outcomes-pro-and-patient-reported-outcomes-measures-prom-what-are-they-and-what-do-they-provide\/\" target=\"_blank\" rel=\"noopener noreferrer\"> <b>PROMs<\/b><\/a><span style=\"font-weight: 400;\"> (<strong>P<\/strong><\/span><b>atient-Reported Outcome Measures<\/b><span style=\"font-weight: 400;\">) and <\/span><b>PREMs (Patient-Reported Experience Measures)<\/b><span style=\"font-weight: 400;\">. Those forms are extremely useful in outcome-based medicine, as they<\/span><a href=\"https:\/\/link.springer.com\/article\/10.1007\/s11136-020-02711-2\" target=\"_blank\" rel=\"noopener noreferrer\"> <span style=\"font-weight: 400;\">enable a focus on the patient using the information that he or she provides, identifying opportunities for improvement<\/span><\/a><span style=\"font-weight: 400;\">, based on the evidence. In this way, the approach facilitates an analysis of the efficacy and profitability, improving decision-making and the services provided to the patient.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For the collection and analysis of the PROMs and PREMS, technology is a great partner, as it not only facilitates this process of capturing and analyzing the data, but also improves the exchange of this information and the coordination between healthcare providers. In addition, in the article<\/span><a href=\"https:\/\/www.ncbi.nlm.nih.gov\/pmc\/articles\/PMC5356991\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u00a0<em>&#8220;<span style=\"font-weight: 400;\">Value-based care in the worldwide battle against cancer&#8221;<\/span><\/em><\/a><span style=\"font-weight: 400;\">, it is confirmed that the <\/span><b>use of technology enables the reduction of the potential loss of data, by avoiding paper records, which is critical for correct measurement of the outcomes.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">To achieve this goal, at<\/span><a href=\"https:\/\/perseivivarium.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"> <span style=\"font-weight: 400;\">Persei vivarium<\/span><\/a> <span style=\"font-weight: 400;\">we rely on<\/span> <a href=\"https:\/\/caaring.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Caaring<\/span><span style=\"font-weight: 400;\">\u00ae<\/span><\/a><a href=\"https:\/\/www.caaring.com\/\"><span style=\"font-weight: 400;\"><\/span><\/a><span style=\"font-weight: 400;\">, our <\/span><b>digital platform for remote patient monitoring<\/b><span style=\"font-weight: 400;\">. Among other features, <\/span><b>this platform enables the collection of PROMs and PREMs directly from the patient, <\/b><span style=\"font-weight: 400;\">complementing the physician\u2019s information and facilitating its subsequent analysis. In this way, it <\/span><b>helps implement this outcome-based model.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">With the appropriate technology, we will easily be able to measure the efficiency of the healthcare process.\u00a0 The transition from fee-for-service payments to outcome-based payments will thus enable us to not only reduce costs, but also to increase the quality of the care and improve the patient\u2019s quality of life.\u00a0 If we really want to put the patient at the center, we must move toward this model, considering its benefits, measuring our progress, and implementing the most efficient solutions from the point of view of the patient\u2019s health.<\/span><\/p>\n<p><a href=\"https:\/\/twitter.com\/hashtag\/valuebasedhealthcare?src=hashtag_click\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">#ValueBasedHealthcare\u00a0<\/span><\/a><a href=\"https:\/\/twitter.com\/hashtag\/patientoutcomes?src=hashtag_click\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">#PatientOutcomes<\/span><\/a><\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;20px|0px|0px|0px&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;3.27.4&#8243;]<h4>Share<\/h4>\r[\/et_pb_text][et_pb_code _builder_version=&#8221;3.19.8&#8243; link_option_url_new_window=&#8221;on&#8221;][\/et_pb_code][et_pb_team_member name=&#8221;Ana D\u00edaz-Roncero&#8221; position=&#8221;Business Development&#8221; image_url=&#8221;https:\/\/perseivivarium.com\/blog\/wp-content\/uploads\/2021\/05\/Ana-Diaz-Roncero.jpg&#8221; _builder_version=&#8221;4.8.1&#8243; link_option_url=&#8221;https:\/\/www.linkedin.com\/in\/ana-diaz-roncero-gonzalez\/&#8221; link_option_url_new_window=&#8221;on&#8221;]<p>Persei vivarium<\/p>[\/et_pb_team_member][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n\n","protected":false},"excerpt":{"rendered":"<p>Life expectancy in developed nations is increasing, having reached an average of 81 years across Europe, according to the Spanish National Statistics Institute in 2018. However, this increase in life expectancy is accompanied by an increase in chronic diseases and the related healthcare burden. This makes it ever more important to make healthcare processes more efficient. <\/p>\n","protected":false},"author":2,"featured_media":3956,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"<!-- wp:divi\/placeholder \/-->","_et_gb_content_width":"","footnotes":""},"categories":[159],"tags":[223,222],"class_list":["post-3955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insights","tag-patient-at-the-center","tag-value-based-healthcare"],"_links":{"self":[{"href":"https:\/\/perseivivarium.com\/blog\/wp-json\/wp\/v2\/posts\/3955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/perseivivarium.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/perseivivarium.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/perseivivarium.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/perseivivarium.com\/blog\/wp-json\/wp\/v2\/comments?post=3955"}],"version-history":[{"count":15,"href":"https:\/\/perseivivarium.com\/blog\/wp-json\/wp\/v2\/posts\/3955\/revisions"}],"predecessor-version":[{"id":3978,"href":"https:\/\/perseivivarium.com\/blog\/wp-json\/wp\/v2\/posts\/3955\/revisions\/3978"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/perseivivarium.com\/blog\/wp-json\/wp\/v2\/media\/3956"}],"wp:attachment":[{"href":"https:\/\/perseivivarium.com\/blog\/wp-json\/wp\/v2\/media?parent=3955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/perseivivarium.com\/blog\/wp-json\/wp\/v2\/categories?post=3955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/perseivivarium.com\/blog\/wp-json\/wp\/v2\/tags?post=3955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}