Value-based care has revolutionized the healthcare industry. This model rewards providers for achieving positive outcomes with their patients and clients. It promotes helping a patient reduce the impact of chronic disease or achieving overall positive results rather than the traditional fee-for-service model.
Healthcare providers everywhere are turning to this model to improve the lives of patients, but what about behavioral health providers? Value-based care can also impact the field of mental health.
How does Value-Based Care Impact Mental Health?
Lowers Client Costs
Tradition fee-for-service care approaches are not results-driven. Rather, they are focused on treating illness and symptoms as they appear. Value-based care is a preventative approach that offers physicians an incentive to keep their patients as healthy as possible at all times. This model results in fewer costs to the patient in a multitude of ways.
In mental health, the fee-for-service model is unfortunately still the main model in use. With a value-based care approach, clients would pay less for expensive treatment as desperate needs arise. Instead, they would pay smaller amounts to get the care they need on a regular basis. This prevents the need for large mental health expenses.
Increases Client Satisfaction
Clients are happier when they know their provider is focused on their mental and emotional well-being. When a provider is focused on financial incentives tied to services, they are less likely to focus on the needs of the client and more likely to focus on their overall revenue.
Value-based care transitions revenue-building to a client-centered state of mind. With a more genuine focus on the client’s mental and emotional well-being, the clients are more likely to be satisfied with their experience.
Reduces Health Risks
Mental health is vital to reducing health risks and value-based care plays a role. In order to decrease a client’s health risks, the focus on their care needs to be yielding positive results. With a value-based care model, behavioral health providers can focus on helping the patient engage and reduce health risks across their life.
Aligns Prices with Outcomes
Not only is the value-based care model useful in reducing costs for patients, but it is lucrative for providers as well. With prices aligned with outcomes, your practice is more likely to do what is necessary to help patients achieve the best results possible. Positive outcomes and client experiences will often lead to growth within your organization, bringing in more clients and revenue.
Leads to Better Overall Health
Lastly, a value-based care model can help patients achieve better overall health. Mental and physical health are often intertwined. When one is in poor shape, the other can quickly become worse. For example, when someone experiences depression, they are likely to experience things like weight gain, high blood pressure, anxiety, and more. This model in the mental health field helps to improve a client’s physical response as well.
To learn more about tools that can help your organization implement this model, click here.