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The significant difference between value-based care and value-based payment

Mark Twain once said, “The difference between the almost right word and the right word is really a large matter. ’tis the difference between the lightning bug and the lightning.”

Those of us who cover health insurance might apply this advice when we use the term “value-based care.” While health insurance executives and health system administrators prefer to use this term, what they usually mean instead is “value-based payment.” As Twain warned us, the difference is significant.

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