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The goal of healthcare providers is to deliver quality care. However, with recent regulatory changes, as well as evolving technological capabilities and collaborative work environments, healthcare models are being challenged and profitability has been impacted.
To improve profitability without sacrificing benefits or raising premiums, providers should steer members to high-value primary care practices.
Research by The Peterson Center on Healthcare and the Clinical Excellence Research Center at Stanford Medicine found that using a collaborative team approach to patient-centered care, high-value primary care practices can help prevent complications and hospitalizations that drive up the cost of chronic disease care, which lowers total spending per patient.
By identifying and increasing the number of high-value primary care teams in a provider network, costs can be controlled without compromising quality and benefits.
What is a high-value primary care team?
High-value practices are based on teams of caregivers, all practicing at the top of their licenses, which is why the phrase “primary care teams” is emphasized over “primary care physicians.”
By utilizing a collaborative team-based approach, physicians have more flexibility to focus on the complex needs of chronically ill patients, while PAs or APRNs manage the daily routine needs of patients.