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Related Concept Videos

Standards of Care II01:19

Standards of Care II

Nurses bear specific legal responsibilities under several federal statutes, including:
Issues And Trends In Healthcare Delivery System01:29

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Related Experiment Video

Updated: May 13, 2026

Inverse Probability of Treatment Weighting (Propensity Score) using the Military Health System Data Repository and National Death Index
06:55

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Published on: January 8, 2020

Update on value-based medicine.

Melissa M Brown1, Gary C Brown

  • 1Wills Eye Institute bJefferson Medical College, Philadelphia, PA, USA. mbrown@valuebasedmedicine.com

Current Opinion in Ophthalmology
|March 16, 2013
PubMed
Summary
This summary is machine-generated.

Value-Based Medicine, incorporating patient preferences and societal costs, ensures high-quality, cost-effective healthcare. This approach maximizes healthcare resource use and patient value, aligning with the Affordable Care Act.

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Using Visual and Narrative Methods to Achieve Fair Process in Clinical Care
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Published on: February 16, 2011

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Last Updated: May 13, 2026

Inverse Probability of Treatment Weighting (Propensity Score) using the Military Health System Data Repository and National Death Index
06:55

Inverse Probability of Treatment Weighting (Propensity Score) using the Military Health System Data Repository and National Death Index

Published on: January 8, 2020

Using Visual and Narrative Methods to Achieve Fair Process in Clinical Care
14:32

Using Visual and Narrative Methods to Achieve Fair Process in Clinical Care

Published on: February 16, 2011

Area of Science:

  • Health Economics
  • Health Services Research
  • Medical Decision Making

Background:

  • The Patient Protection and Affordable Care Act emphasizes value in healthcare delivery.
  • Value-Based Medicine (VBM) offers a framework for optimizing healthcare resource allocation.
  • Cost-utility analysis is a key component in assessing healthcare intervention value.

Purpose of the Study:

  • To provide an updated perspective on Value-Based Medicine concepts.
  • To examine the role of VBM in light of the Patient Protection and Affordable Care Act.
  • To highlight the importance of standardization in VBM cost-utility analysis.

Main Methods:

  • Review of Value-Based Medicine principles and cost-utility analysis.
  • Integration of patient-reported outcomes (utilities) into analysis.
  • Inclusion of societal costs alongside direct medical costs.

Main Results:

  • The Affordable Care Act supports the integration of VBM cost-utility analysis into the healthcare system.
  • Standardization, particularly patient preferences (utilities), is crucial for VBM analysis.
  • Considering societal costs reveals greater cost-effectiveness and potential return on investment for medical interventions.

Conclusions:

  • Value-Based Medicine provides a standardized method for delivering high-quality, cost-effective care.
  • Integrating patient quality-of-life preferences and societal costs is central to VBM.
  • The core principle of VBM is ensuring patients receive interventions offering the greatest value.