There are a multitude of benefits to shifting to value-based care. Value-based care was created to help:
- Patients achieve better health and spend less money
- Providers achieve greater efficiencies – and patient satisfaction
- Payers control costs and reduce risk
- Suppliers align their prices with patient outcomes
A high-value healthcare delivery system features:
- Measurable outcomes and costs for every patient
- Shared savings model
- Integrated care delivery across separate facilities
- Ability to expand services geographically
- Robust information technology platform
Put simply, precision medicine has the potential to improve outcomes by matching a patient to a treatment option based on his/her/their tumor’s genetic or molecular profile. This approach enables patients to get the potentially “right” treatment, more quickly – which results in better health and treatment outcomes at lower cost.
Compared to “traditional” medicine, precision medicine is a much more targeted approach. According to the Precision Medicine Initiative, precision medicine is “an emerging approach for disease treatment and prevention that takes into account individual variability in genes, environment, and lifestyle.” This approach allows doctors and researchers to predict more accurately which treatment and prevention strategies are better suited for specific populations. It is in contrast to a one-size-fits-all approach, in which disease treatment and prevention strategies have less consideration for the inter-individual differences.
At Integra Connect, we think so. Precision medicine offers a tremendous opportunity to shape the future of healthcare. While it is currently most advanced in oncology, precision medicine also has exciting applications beyond oncology.