Value-based healthcare is a model that focuses on identifying and providing the care that delivers the greatest value. The goal is to reduce unnecessary costs, eliminate waste, and improve outcomes for patients What is value-based healthcare? Value-based healthcare is a new concept that has been gaining traction in the past few years. It’s a way of looking at healthcare that focuses on what’s best for the patient, rather than what’s best for the doctors or the hospital or even the insurance companies.