develop a visual description (e.g., infographic, pamphlet, presentation, brochure, etc.) of health care concepts that you will revisit throughout this course. Mainly, the focus will be on defining what value-based care means, describing the six elements of value-based care, and describing the six Institute of Medicine’s IOM Aims. The purpose of this Assignment is to check your understanding of these concepts by being able to describe them in a relatable way.
Select a visual medium that you would like to use to present the definitions and descriptions that address the Assignment criteria. If you are unfamiliar with this medium, locate resources that provide advice on developing them Submit a visual representation of the following:
Define value-based healthcare based on at least two sources from this week’s Learning Resources. Describe the six elements of the value-based care model (as defined by the Harvard Business School Institute for Strategy & Competitiveness Links to an external site.): Organize care around medical conditions Measure outcomes and cost for every patient Aligning reimbursement with value Systems integration Geography of care Information technology Describe the six Institute of Medicine (IOM) Aims (safe, effective, patient-centered, timely, efficient, equitable)
Goal: Achieving the best possible results (e.g., faster recovery, better long-term health, fewer complications) at the lowest possible cost.
Shift in Reimbursement: Instead of paying for appointments, tests, and procedures individually, VBC rewards providers for successfully improving patient health and preventing unnecessary costs.
2. The Six Institute of Medicine (IOM) Aims for Quality Improvement
The Institute of Medicine (now the National Academy of Medicine) established six aims for guiding health care quality improvement. These aims serve as the criteria for a high-quality healthcare system.
IOM AIM
Description
Example
1. Safe
Avoiding injuries to patients from the care that is intended to help them.
Eliminating patient falls or medication errors.
2. Effective
Providing services based on scientific knowledge to all who could benefit, and refraining from providing services to those not likely to benefit (avoiding overuse and underuse).
Ensuring every patient with pneumonia receives the correct antibiotic in a timely manner.
3. Patient-Centered
Providing care that is respectful of and responsive to individual patient preferences, needs, and values, and ensuring that patient values guide all clinical decisions.
Shared decision-making between doctor and patient on treatment plans.
4. Timely
Reducing waiting times and harmful delays for both those who receive and those who give care.
Sample Answer
Health Care Transformation: Defining Value and Quality
Page 1: The Foundation of Modern Healthcare
1. Defining Value-Based Healthcare (VBC)
Value-Based Healthcare (VBC) is a framework that shifts the focus of the healthcare system from the volume of services provided (fee-for-service) to the value created for patients.
Value is defined as the health outcomes achieved per dollar spent.
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