For each model, explain how it works and discuss potential challenges and benefits of implementing these new reimbursement models. Examples of Reimbursement Models used in Value-Based Care Model 1: Shared Savings Programs Description: Providers are rewarded with a share of the savings generated from reducing healthcare costs while meeting quality benchmarks. If the care provided is more cost-effective than expected and meets quality targets, providers can receive a portion of the savings. Example: A group of healthcare providers collaborate to manage a patient population's care costs and share in the financial savings achieved by meeting quality benchmarks and reducing overall expenses. Model 2: Accountable Care Organizations (ACOs) Description: Groups of providers work together to manage the care of a population of patients. Savings are shared among the providers if care is delivered efficiently while maintaining quality. Example: An ACO receives a fixed payment per patient per year and shares savings if it delivers high-quality care at a lower cost. Model 3: Bundled Payments Description: Providers receive a single payment for all services related to a specific episode of care, such as a surgical procedure, rather than separate payments for each service. Example: A bundled payment covers all