"Some payers & providers are moving toward value-based care, while others are lagging - 6 key findings" - Becker's ASC Review
By Mary Rechtoris
Many providers and payers alike are looking to transition into value-based care reimbursement models, but not all providers are on the same page, according to Health Payer Intelligence.
Here are six key findings:
1. An ORC International and McKesson survey found 58 percent of payers and hospitals are moving to implement value-based care reimbursement protocols into their practice.
2. Health Care Transformation Task Force data indicated 41 percent of provider and payer businesses were structured around value-based care reimbursement contracts at the end of 2015.
3. Health Care Transformation Task Force also showed value-based care reimbursement popularity increased from 11 percent in 2014 to 30 percent at the end of 2015.
4. Fifty percent of Health Care Transformation Task Force respondents reporting being along the value continuum.
5. On the other hand, a Physicians Foundation and Merritt Hawkins survey reported only 20 percent of physicians are familiar with CMS' Medicare Access & CHIP Reauthorization Act of 2015.
6. The Physicians Foundation and Merritt Hawkins survey also found at least 79 percent of total physician compensation is based on a fee-for-service payment model.