Raising Health Value Versus Volume (in Healthcare)
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Feb 19, 2021 
Todd Park, former CTO for President Obama, and others discuss the shift from fee-for-service to value-based healthcare. They explore the role of technology, the business model for creating value, and the impact on doctors, patients, insurers, and policymakers.
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Reactive Healthcare
- The US healthcare system is like paying for plumbing repairs only when pipes burst, neglecting preventative maintenance.
- This reactive approach has led to expensive and painful treatments for severe conditions, necessitating a shift towards preventative care.
Fee-for-Service Barrier
- Value-based care, while seemingly obvious, requires a systemic change in payment structures.
- Current fee-for-service models disincentivize preventative care, as doctors can't afford to spend extra time with patients.
Doctor's Pay Doubled
- Primary care doctors often double their pay under value-based payment models.
- This is achieved by delivering preventative care, which leads to cost savings for the healthcare system.