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Support from health care professionals and their representatives is growing for the The Value in Health Care Act. The bill, which promotes value-based health care, was reintroduced in the House of Representatives in late July. It now comes with a resounding endorsement from 17 health stakeholder groups.
In short, the act is designed to help medical professionals shift away from the current fee-for-service care model, to an Accountable Care model: one in which provider compensation is based on population health outcomes. Myriad studies have shown that fee-for-service favors large patient panels for physicians who are incentivized to prescribe medications and tests rather than spend more time evaluating their patients during office visits. Pressures to meet revenue quotas and to refer patients to other practitioners have driven many practices to merge with hospital systems or sell their practices to investor groups.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
