Description
Value-based care was designed to make healthcare cheaper and better. But in the last 15 years, it has done the exact opposite. This podcast explains how VBC is implemented in real life as risk-based contracts, leading to consolidation and, in turn, higher costs across the entire economy.
Chapter Markers
00:00 - Intro
00:25 - The Misdiagnosis
01:45 - Value-Based Care: Background & Assumptions
02:20 - The Game of VBC
02:53 - What is a Budget/Benchmark under VBC?
03:22 - Gaming the Benchmark
04:13 - Impact on Small Practices
05:29 - Quick Recap
06:09 - Why Small Practices Matter
06:33 - Consolidation
07:39 - Types of Consolidation
09:06 - 1 Contract vs TCOC
10:29 - Effects of Consolidation
13:00 - Medicare Advantage & Value-Based Care
13:26 - VBC, Consolidation & Medicaid
14:40 - Conclusion
15:50 - The Question to Ponder?
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