Healthcare providers throughout the world are working to evolve our current method of care to become more value-based. With this delivery system, hospitals and healthcare workers are paid on patient-health outcomes, not the traditional model of Fee-for Service.
Individual countries may be at different levels of value-based maturity, but they all share the common goal of reducing costs while improving quality.
This trend is making it more significant than ever for healthcare providers to classify risk across treatment procedures by isolating the direct link between cost and quality. However, there have been a few reasons this link has been difficult to isolate.