In this episode, we dive deep into the fascinating journey of healthcare payment models and how they're transforming to enhance patient care, reduce costs, and improve the well-being of healthcare providers.

What You'll Learn:

The Traditional Fee-for-Service Model: Understand how paying for each individual service led to a focus on quantity over quality.

The Rise of HMOs in the 1970s: Explore how Health Maintenance Organizations aimed to control costs and emphasize preventive care.

Introduction of DRGs in the 1980s: Discover how Diagnosis-Related Groups incentivized hospitals to improve efficiency.

Standardizing Physician Payments in the 1990s: Learn about the Resource-Based Relative Value Scale (RBRVS) and its impact on fair compensation.

Pilot Programs of the Early 2000s: See how initial experiments set the s ...