Question: To many financial managers, the term Value-Based has come to mean a combination of both quality and cost. For purposes of healthcare finance, value-based concepts

To many financial managers, the term Value-Based has come to mean a combination of both quality and cost. For purposes of healthcare finance, value-based concepts can be, and are, applied to value-based purchasing, payment adjustments, pricing strategy, and patient care.

Please review the following eight value-based concepts and briefly explain each.

Progress in the private sector
Progress in the public sector
Education efforts
Legislative reform
Quality measurement concept
Public reporting efforts
Financial and digital outcomes
Strategic planning approaches

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