The most common healthcare systems are fee-for-service and value-based. A fee-for-service model is one in which patients and consumers are charged depending on their services, such as tests, medications, and appointments. On the other hand, a value-based care system is a health care model based on the quality of the health care given to people (Schuchman et al., 2018). The distinctions between healthcare providers using the two healthcare systems are readily noticeable because they are all trying to achieve the goals of the healthcare services system for which they are providing patient care.
The primary distinction between health care providers who use a fee-for-service model and those who apply a value-based care system is the level of service they provide to their patients. Health professionals in value-based care systems guarantee that their clients obtain high-quality, patient-centered, evidence-based health care (Schuchman et al., 2018). They commit their time to patient care and deliver high-quality services that meet both the patient’s aspirations and their health needs. Because a favorable prognosis from therapy motivates these physicians to provide their services, they invest in evidence-based patient care. Health professionals that deliver value-based care are more concerned with the well-being of their patients than with financial implications.
The approach to care by healthcare providers in a fee-for-service system differs from those using a value-based service system. In the healthcare system, there are some health issues that may be alleviated or aggravated by a variety of lifestyle or environmental factors, and the patient may be unaware of the impact (Schuchman et al., 2018). As a result, the patient is more prone to interact with aggravating factors while ignoring the effects. In a fee-for-service paradigm, healthcare providers do not focus on prevention. As a result, the patient is more likely to incur treatment costs due to recurring illnesses that may be avoided if lifestyle or environmental adjustments were made. On the other hand, providers concentrate on preventative health to improve patient health outcomes in a value-based system.
The actions of healthcare providers in the two systems have a different impact on access to healthcare services. The fee-for-services healthcare system restricts access to quality healthcare services because it makes services costly (Schuchman et al., 2018). It also raises physician incentives based on the number of patients treated. In this system, healthcare providers are more concerned with the incentives they receive during care. However, the value-based strategy encourages high-quality healthcare because consumers pay for the whole service based on the outcome (Schuchman et al., 2018). Since they are reimbursed for the quality of therapy delivered rather than the number of patients serviced, clinicians in the value-based health care system are more focused on patients’ conditions.
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