Nearly half of healthcare organizations have either not started or are in the pilot stages of implementing value-based care even though more than 45% of executives said they understand the pay model, a new survey by healthcare technology company Innovaccer revealed.
“With this survey, it is clear that healthcare organizations are moving towards adopting value-based care, no matter how fast or slow; however, they lack a workable approach to succeed,” David Nace, MD, Innovaccer chief medical officer and survey author, said in a statement.
About 20% of providers have yet to start their journey toward value-based care, while about 25% are still in the pilot stages toward implementation, according to the survey, which analyzed the current state of readiness of providers regarding value-based care.
A little more than 23% have begun successful pilots; less than 20% have rolled out a program and achieved financial success; and about 18% have rolled out the program but are still working toward financial success.
Want to publish your own articles on DistilINFO Publications?
Send us an email, we will get in touch with you.
Researchers also identified 12 “value-based levers” that identified the top areas of focus for healthcare organizations in order for them to be successful under value-based care. Reducing SNF costs, 30-day readmission, improving quality measures and coding accuracy were among the “levers” identified.
The survey included responses from about 3,000 healthcare executives, including 500 from skilled nursing backgrounds.
Source: MC Knight’s