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Making the Value-Based Care Journey

Ready or not by 2030, Medicare, the 800-pound gorilla of American medicine, responsible for 20% of health spending in the U.S., plans to phase out fee-for-service (FFS) medical care based on payment for the volume of services performed.

Medicare, financed by the Centers for Medicare and Medicaid Services (CMS), is phasing in value-based care (VBC) for all its patients, including those in Medicare Advantage (MA) plans and those in traditional Medicare FFS plans.

Tariq Butt, MD, a family physician and president of the Chicago Medical Society, said this will have a far-reaching impact on American health care because “as goes Medicare, so goes the rest of health care.”

Read more here.

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