Fee for Service Vs Value-Based Care: Cost, Quality & Patient Impact
American healthcare runs on two competing payment systems. Fee for Service Vs Value-based Care shapes medical practice across the country. Under fee-for-service, doctors get paid per test, procedure, and visit. Under value-based care, they are reimbursed depending on whether patients get better. The difference matters for your wallet, your treatment, and your health. What is Fee-for-Service Healthcare? Fee-for-service pays doctors for each activity. Separate bills are issued for such services as blood work, X-rays, surgery, and office visits. This payment method is straightforward. When a cardiologist carries out an angioplasty, he or she receives the same amount of payment even when the patient is in three days in good condition or has serious complications. Every CT scan and every lab test costs the emergency rooms a bill, even in cases when the outcome does not influence the course of treatment. Payment structure: Individual procedure billing Revenue increases with se...
