Value-based healthcare (VBHC) is about linking how much money is spent on healthcare programs or services to the outcomes that matter most to patients over their healthcare journey. This is in contrast to focusing primarily on the number of services, or on specific processes or products.
VBHC aims to deliver services that are high value, scale back or drop those that are not, and/or rebalance the mix of services to improve the ratio of outcomes to overall costs. The goal is better outcomes at the same or lower total cost. VBHC is a leading approach to improving patient and health system outcomes around the world.
The purpose of this toolkit is to provide information and guidance to those who are: interested in learning about VBHC, thinking about implementing it; and ready to assess and improve their current VBHC initiatives.