Value-based pricing
| Value-based pricing | |
|---|---|
| Term | Value-based pricing |
| Short definition | value-based pricing - (pronounced) (VAL-yoo-bayst PRY-sing) system for determining the cost of a healthcare service in which healthcare providers are paid based on the quality of the care they provide, rather than the number of healthcare services they provide or the number of patients they treat. Value-based pricing can give patients access to better treatments at a lower cost. |
| Type | Cancer terms |
| Specialty | Oncology |
| Language | English |
| Source | NCI |
| Comments | |
value-based pricing - (pronounced) (VAL-yoo-bayst PRY-sing) system for determining the cost of a healthcare service in which healthcare providers are paid based on the quality of the care they provide, rather than the number of healthcare services they provide or the number of patients they treat. Value-based pricing can give patients access to better treatments at a lower cost. This can help reduce financial burden or hardship for patients receiving medical care
External links
- Medical encyclopedia article on Value-based pricing
- Wikipedia's article - Value-based pricing
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