Demystifying Value-Based Care: Managing Costs of Care-HBPC = Value-Based Care Video

Video Transcription

Video Summary

The video discusses the concept of home-based primary care, also known as the modern-day house call, as a solution for chronically ill, homebound or home-limited older adults who lack access to primary healthcare. The video highlights the growing number of these patients, the high healthcare costs they incur, and the positive impact of home-based primary care on their quality of life, caregiver burden, and overall cost of care. It also mentions the Home-Centered Care Institute (HCCI) as a national nonprofit organization focused on scaling home-based primary care through education, consulting, research, and advocacy. The video emphasizes various forces driving the expansion of home-based primary care, including the aging population, advancing technology, increased funding for home and community-based services, the value of house calls, and payment reform. It also discusses the benefits and cost savings associated with home-based primary care, as well as the need to expand the workforce to meet the growing demand.

Keywords

home-based primary care

chronically ill

caregiver burden

cost savings

expanding workforce