Today, healthcare providers are being challenged to place value at the center of their service delivery systems. Essentially, by focusing on value, the providers are able to offer safe and high quality care (Joshi et al., 2016). As more and more providers embrace value-based purchasing reform, an overall improvement in the delivery of services will be witnessed. However, for success to be accomplished, the providers need to adopt such frameworks as the triple-aim. This model identifies the essential goals that should drive the performance improvement programs that a provider initiates.
It has been noted above that value-based purchasing is concerned with placing patients at the center of care and offering services that as highly efficient as they are safe. The components of value-based purchasing mirror the elements of triple-aim. Triple-aim captures three essential objectives that providers should endeavor to accomplish. The objectives include enhancing population health, improving the outcomes of individual patients and lowering the cost of care (“The IHI Triple Aim”, n.d). When a facility implements value-based purchasing reform, it is essentially moving away from the traditional model where providers only delivered the bare minimum. Thanks to this reform, the providers go beyond minimum demands; they offer quality care that enables patients to experience improved outcomes (Joshi et al., 2016). As they strive to offer better care, the providers basically make meaningful contributions to enhancing the wellbeing of entire patient populations. The components of value-based purchasing reform are indeed echoed in triple aim. This model inspires practitioners and healthcare institutions to provide holistic care that is low-cost, safe and of high quality (SNHU Media, 2017). It is important to note that whereas triple aim facilitates the implementation of value-based purchasing reform, it fails to account for some components of care quality. These include equity, effectiveness, timeliness and efficiency (IHI Open School, 2008). In implementing value-based purchasing reform, healthcare facilities should also be guided by these measures of quality.
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References
IHI Open School. (2008). Defining quality: aiming for a better health care system. YouTube. Retrieved January 31, 2019 from https://www.youtube.com/watch?v=5vOxunpnIsQ&feature=youtu.be
The IHI triple aim. (n.d). Institute for Healthcare Improvement. Retrieved January 31, 2019 from http://www.ihi.org/engage/initiatives/TripleAim/Pages/default.aspx
Joshi, M., Erb, N., Zhang, S., & Sikka, R. (2016). Leading health care transformation. A primer for clinical leaders. Boca Raton: CRC Press.
SNHU Media. (2017). HCM-340: triple aim. YouTube. Retrieved January 31, 2019 from https://www.youtube.com/watch?v=p7W67VtL1c4&feature=youtu.be
