The healthcare industry has tried to parse the seemingly paradoxical relationship between volume and value for years. Can the two models exist side by side? Should providers eventually transition entirely to one model over the other?
Healthcare media coverage often describes the hospital “journey from volume to value,” suggesting volume-based healthcare is considered the model of the past, one that will eventually be abandoned for a future rooted in value-based care.
However, a recent panel discussion reframed this idea. Speaking on a panel called “The CEO Paradox: Can You Really Have Volume and Value?” at the Becker’s Hospital Review 8th Annual CEO + CFO Roundtable in November in Chicago, hospital leaders discussed the idea that volume-based care, appropriately applied, can support value-based care efforts.