On January 30th, 2020, the V-BID Center’s A. Mark Fendrick presented the V-BID X model to the Northeast Business Group on Health (NEBGH).
Value-Based Insurance Design (V-BID) serves as a promising solution to the under-use of high-value care and over-utilization of care with no clinical benefit. V-BID programs selectively reduce financial barriers to evidence-based care that improve patient-centered outcomes. The incremental expenditures incurred by the increased use are paid for by savings incurred by the reduced use of low-value care.
V-BID X serves as a template to guide organizations in incorporating cost-neutral, value-based principles into plan benefit design.
Dr. Fendrick’s presentation and associated resources are available below: