Healthcare Industry Keeps an Eye on Value-Based Care

February 29, 2016 conduentblogs

By Rohan Kulkarni, vice president of Strategy and Portfolio 

Legislation and regulations continue to hit the healthcare industry faster than it can keep up. The latest: The Centers for Medicare & Medicaid Services (CMS) will require 50 percent of payments to be value-based by 2018. This means that healthcare providers will be compensated for value provided rather than volume of services rendered.

According to new research from Xerox , healthcare decision makers are not ready for this switch: 43 percent say value-based contracts currently make up less than 10 percent of their current portfolio. In addition, they are struggling to stay in the black on the value-based contracts they’ve undertaken to date. In fact, 77 percent agree that some providers who adopt a value-based approach are losing money.

This infographic below shows additional concerns from payers and providers.

 

(Click on the image to view a larger version.)

Healthcare_Transition

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