Health iPASS Revenue Cycle Insights

Why Clients Love Our Performance-Based Contract Reimbursement Model

Posted by John Trader on Mar 21, 2019 12:52:10 PM

Throughout history, the basis for what made the world go ‘round (read, fueled the economy) has evolved over time. For many centuries, it was agriculture, then industry/manufacturing. These days, services are accounting for more and more of the world GDP — in fact increasing at a faster rate than other industries. Think about all the services you, your family, or your business uses. I’m not just talking about what you would obviously think of as services, like getting service on your car or at a restaurant, but also any business that provides an electronic or digital service like your wifi, logistical services like UPS or any trucking carrier, or computing service like hosting your information in the cloud.  Another trend that has been emerging within the service industry itself is a shift from a fee-for-service model to a pay-for-performance, or performance-based contracting model. But what does that mean and is it a better model?

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Topics: Patient Payments, patient revenue cycle, performance-based

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