HIMSS Word of the Day #168: Value-Based Insurance Design (VBID)
Value-based insurance design (VBID) aligns patients’ out-of-pocket costs with the clinical value of services, lowering cost sharing for high-value care and sometimes raising it for low-value care. This post explains how VBID works, examples such as reduced copays for chronic disease medications, what CMS learned from its Medicare Advantage VBID model, the data VBID requires, and nursing roles.