The winds of change are blowing in the healthcare industry, and they are blowing in from all over. One of the most talked about directions is that of Value Based Care. This is a new pricing model that is set to inevitably change the face of healthcare forever.
The premise behind value based care is a changed in pricing model. Rather than patients paying per service, such as so much for each test administered and each visit made, they pay based on the value of the care provided.
This will likely change not only the way payments are made, but the way they are billed. The whole premise behind needing to pay for more testing because they cannot figure out what is wrong is going to disappear. In its place, in theory, will be a process where patients pay for medical care based on its value, not how many procedures, tests, or visits are necessary.
With the current system, less than ethical healthcare professionals could be tempted to avoid making a patient better in an effort to elicit more treatment, and therefore more money. This is more common than it should be, and it encourages higher pricing as well.
While this could be a positive changes for both healthcare professionals and patients, there will be some bumps in the road along the way. Many providers are going to have financing needs as the pricing and payment models changes. Biz2Credit is here to help with that. Our network of lenders offers various financing options for healthcare providers. We can help you find just the right lender for your needs. Visit Biz2Credit.com today for more information.