Verras’ Vision is a value-based healthcare delivery system that rewards hospitals and their medical staffs on the basis of high quality, cost efficient medical care.
When hospitals and physicians use Verras’ objective metrics and continuous quality improvement techniques, they not only improve the quality and financial position of the hospital, they also have it within their power to transform their local markets from the present price-based system into a competitive model based on value - both quality and price. Objectively defined value should be the goal of doctors, hospitals, purchasers and the community. A value-based system will produce reliable medical information for all constituents, re-institute patients’ choice of providers based on value, re-establish physicians’ clinical decision-making autonomy and assist the hospital with its ability to provide excellent care for its community.
Verras’ Mission is to improve healthcare delivery by providing objective outcomes information and continuous quality improvement techniques for hospitals and medical staffs to manage medical and financial risks, thereby optimizing the health status of selected patient populations with medical services appropriate to their needs.
American healthcare will be transformed from a price-based to a value-based healthcare delivery system when purchasers and patients have access to reliable health information and knowledgeably select and reward providers who demonstrate superior medical and service performance.
Verras’ Values are the foundation of our corporate culture and the basis of our business relationships. They include:
- Respect for tradition - for enduring medical standards and ideals
- Respect for our customers and co-workers - for enduring relationships
- Product and service excellence - through continuous quality improvement
- Efficiency at all levels of production and service - to deliver value to our customers
