Value-based care can pay off--it just takes time

It may take a while, but value-based care can add to a hospital or healthcare system's bottom line. That has been the experience of systems such as Intermountain Health Group and the Mayo Clinic, according to a recent article in the Harvard Business Review. However, it took 15 years for Intermountain's initiatives to lead to improved outcomes and lower costs per patient. With Mayo Clinic, it has higher surgical costs when treating potential cancer patients, but its rate of repeat lumpectomies is far lower than the national average, itself contributing to lower healthcare costs over the long term. Read the full article at FierceHealthcare