Volume To Value Based Care Essay

Executive Summary
The purpose of this executive summary is to outline the impact of transitioning from a volume to value based healthcare system. More specifically to address the way this modification in reimbursements will impact the operation requirement of the hospital, as well as the ways that this transition can be implemented.
It is no secret that the world of healthcare is constantly changing and often times it is at a rapid

pace. In recent years everyone has been paying close attention to the changes that the Affordable

Care Act has brought to the United States healthcare system, and many are eager to witness its

outcome. Although this reform is seeking to reformat the way health care is delivered, there are

various issue

Healthcare is now shifting from volume to value based care and insurance carriers are essentially

asking health care providers to transition from a volume based care which is known as a fee-for-

service reimbursement structure to one that is a value based structure. According to Health

Facilities Management," The move from volume- to value-based care has profound implications

for those who design, build, and maintain, health care facilities." MCH's value improvement will

commence by improving employee and management relations alike, in turn this will reduce

turnover, as well as generate a synchronization throughout the organization, right down to

patient care. As Shifting from a volume to value based system is beneficial to not only patients but to health care providers and payers as it forces healthcare providers to provide the best

possible care at the lowest cost which then allows patients to receive a better quality of care at a

better value. Value based care is an approach that is designed centered around a patients. A medical care team is established in order to hone in on what an individual’s needs are whether

they are chronic, acute, or even preventative. Patients can benefit from this approach as the

This can be a great source for revenue
Adjustment # 2
Another recommendation that may position the organization for success under value-based healthcare is requiring doctors and nurses, as well as other healthcare professionals upgrade their knowledge by taking continuing education courses that can be offered through the hospital. In additional in reading the case study we are informed that this hospital founded a school of nursing in 1919 to train area personnel with a three-year diploma school that was one of the largest in the state. So, the classrooms and facilities are already on-site. Continuing Education and new degree programs may be launched as part of the new campus. MHC will be a world leader by informing as well as training medical professionals, while improving lives of the public at large, this will position them to provide world class care that many patients will appreciate. This will be helpful for MCH in the transition from volume to value based care, in addition this will help the area’s community become healthier as a