Changing Landscape of US Healthcare
For years, the most prominent model of healthcare delivery was fee-for-service. The patient would approach the provider for treatment in exchange for reimbursement by the patient’s payer. This was a very transactional interaction where the treatment results were not tracked and healthcare costs simply kept spiraling. The reason: progress of the patient’s health condition was inconsequential to healthcare organizations; they were paid for the treatment provided regardless of the outcome. Eventually, there was a realization, especially among regulators, that there is need for a new direction that ensures the ultimate well being of the patient.
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