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.
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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
