By Dan Goldberg.
New York State health officials are embracing a national move to value-based payment—the idea that doctors, hospitals, nursing homes and other providers should be compensated for the “value” of the care they provide, rather than the volume of services they render.
The movement is based on the uncontroversial idea that the current fee-for-service system is broken: that providers are constantly being incentivized to provide ever larger amounts of care, and they are being penalized for providing better care that keeps patients from repeatedly interacting with the health system.
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