Benefits of Medicare Advantage Plans
Although we did touch on Medicare Advantage plans in an earlier post while talking about value-based care, it seemed important to continue to explain what exactly makes Advantage plans so great. First, it is important to recognize how access to Advantage plans has improved nationwide; “In 2020, 99% of Medicare beneficiaries have access to at […]
Value-based care in Medicare Advantage Plans
In our last post, we discussed the shift in the healthcare industry from fee-for-service to value-based care. However, Medicare advantage plans oriented toward value-based care do already exist. This is manifested through what are known as ‘star ratings’ of plans. Medicare Advantage Plans and Part D Plans are scored by Medicare on how they perform […]
COVID-19 continues the shift from fee-for-service to value-based care
The new coronavirus pandemic is accelerating the change in how healthcare is being delivered. One of the most interesting shifts is in how the healthcare system is being compensated. First, it is important to understand what the two major concepts (‘fee-for-service’ and ‘value-based care’) mean. Fee-for-service is defined by HealthCare.gov as ‘a method in which […]