Why Value-Based Care Is the Future of Travel Nursing

Written by Health Providers Choice on Friday, February 16, 2024 Posted in Travel Nurse Tips

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Value-based care (VBC) is taking center stage in healthcare. Gone are the days of simply filling shifts. Now, the success of travel nursing hinges on delivering quality outcomes, keeping costs down, and making patients smile. While there’s more work involved in meeting the standards set by a VBC approach, it presents exciting opportunities for higher pay, deeper impact, and career advancement.

Understanding value-based care

Unlike the fee-for-service model, which focuses primarily on the volume of services provided, value-based care emphasizes patient outcomes. Metrics play a pivotal role in measuring success with VBC. These metrics differ significantly from traditional ones and encompass a broader spectrum of factors. For instance, travel nurses may be evaluated based on metrics such as:

  • Readmission rates within 30 days of discharge
  • Patient satisfaction scores gleaned from surveys
  • Length of hospital stay
  • Medication adherence rates
  • Prevention of hospital-acquired infections

Being a great caregiver goes beyond treating a need. Value-based care demands a deeper understanding of patients, effective coordination among providers, and a commitment to exceptional outcomes.

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VBC opportunities and challenges for travel nurses

The shift to value-based care creates both opportunities and challenges for travel nurses, especially on assignments that take them to underserved communities. VBC models offer enticing opportunities for travel nurses, including the potential for higher pay, as compensation often correlates with performance on agreed-upon metrics. Moreover, value-based care aligns with travel nurses’ intrinsic motivation to prioritize patient outcomes. Embracing VBC can also lead to career advancement. Nurses who demonstrate value through VBC metrics are likely to stand out in the job market.

Alongside the opportunities come certain challenges. Travel nurses must adapt to new metrics that measure success in VBC models, which may require a learning curve and adjustment period. Navigating value-based care models across various facilities can also be difficult, as each institution may have its own unique approach to implementing VBC principles.

The future of travel nursing in a VBC world

As healthcare evolves toward a value-based care model, travel nurses must equip themselves with essential skills and knowledge to thrive in this new environment. Key skills include:

  • Proficiency in data-driven decision-making
  • Understanding quality improvement methodologies
  • Fostering patient engagement and education
  • Collaborating with interdisciplinary teams
  • Maintaining adaptability and a commitment to lifelong learning

While care delivery strategies and metrics may change from location to location, the principles of VBC don’t. By following these principles, travel nurses can position themselves as valuable members of the care team and as stewards for patient-centric care at every facility they work in.

Value-based care is here to stay

Value-based care is the future of travel nursing. While challenges still exist, they’re steppingstones to greater fulfillment, recognition, and impact. Accept this approach, hone your skills, and champion your value. Remember, outstanding patient outcomes are your superpower. Wielding it effectively leads to not only personal growth but also a better standard of healthcare.

Are you looking for an opportunity to implement value-based care on your next assignment? Health Providers Choice is excited to put travel nurses in a position to succeed wherever they are. Contact us online or call 888-299-9800 to learn more..

About the Author

Rose Torrento

Rosemarie Torrento has worked in health care for more than 26 years, beginning as a registered nurse in 1988. Early in her nursing career, Torrento worked as a freelance contract nurse before accepting a position in nursing administration. During her 17-year tenure in that role, she oversaw nursing employment and travel nurse contracting at a Level 1 Trauma Hospital in Michigan. Understanding the challenges travel nurses faced, Torrento founded Health Providers Choice Inc. (HPC) in 2003. Through Torrento’s extensive experience and her role as President and CEO, HPC provides travel placement of registered nurses and allied health professionals to hospital systems nationally.