Which of the following terms describes a system where providers are rewarded for efficiency and patient outcomes?

Value-based reimbursement is the correct term for a system where providers are rewarded for efficiency and patient outcomes. This approach shifts the focus from the volume of services provided to the quality of care received by patients. Under value-based reimbursement, healthcare providers receive financial incentives tied to the quality of care they deliver, patient satisfaction, and overall health outcomes. This method aims to improve patient care while controlling healthcare costs, encouraging providers to focus on preventative care and ensuring the best possible outcomes for their patients.

In contrast, fee-for-service incentives are based on the quantity of services rendered rather than their effectiveness. Capitation involves a fixed amount paid per patient, which does not necessarily correlate with the quality of care or outcomes, while bundled payment is a method where providers receive a single payment for a set of services related to a treatment or condition, but it may not emphasize outcomes in the same broad way that value-based reimbursement does.