Which statement best describes "value-based care"?

Value-based care is best described as a healthcare delivery model where providers are compensated based on patient health outcomes rather than the volume of services rendered. This approach emphasizes improving the quality of care and enhancing patient health, aligning the interests of healthcare providers with those of patients. The goal is to incentivize providers to focus on delivering effective treatments that lead to better health results, reducing unnecessary tests and procedures that do not necessarily contribute to improved patient outcomes.

This model reflects a shift away from fee-for-service systems that reward providers mainly for the quantity of services performed. Payments are structured to reflect the quality of care, aiming to promote better resource utilization and potentially lower overall healthcare costs over time.

The other options do not capture the essence of value-based care. While the focus on administrative cost control is important in healthcare, it is not the primary concern of value-based care initiatives. Similarly, while patient satisfaction is a factor in overall care quality, it is not the sole purpose of value-based care, which is fundamentally about the outcomes of care rather than satisfaction or volume.