Physicians have for decades earned a living based on caring for the sick. But in the new world of health care, professionals will earn money based on whether they can keep their patients healthy — a value-based payment system.
Charles Stiernberg, MD, is chief operating officer at Hillcroft Medical Clinic (HMC), a multispecialty facility in Sugar Land.
"For years, we've been a predominately fee-for-service organization, much like most Texas doctors," he said. "It's just the way medicine has been practiced for decades."
But times are changing, and Dr. Stiernberg says physicians in the clinic recently started to consider how a value-based model could keep their practice vital.