Major health systems, payers make progress toward value-based payment goal

The Health Care Transformation Task Force, a private-sector alliance aimed at accelerating the healthcare industry's transition to value-based care, reported Tuesday that 41 percent of its provider and payer members' business were in value-based payment arrangements at the end of 2015, up from 30 percent the year prior.

The 42-member Task Force includes 26 provider organizations such as St. Louis-based Ascension, San Francisco-based Dignity Health and Boston-based Partners HealthCare. Six major payers are involved, including Aetna and Healthcare Care Service Corp., the largest nonprofit health insurer in the country.

In January 2015, Task Force members committed to putting 75 percent of their business in value-based arrangements by 2020. The Task Force defines value-based payment arrangements as those that hold providers accountable for the total cost, patient experience and quality of care for a population of patients.

For 2015, providers that are members of the Task Force reported slightly more of their business (42 percent) was in value-based arrangements than payers (38 percent).

The numbers are based on responses from 23 Task Force members that responded to the year-end survey.

"This substantial progress toward our goal demonstrates the Task Force members' commitment to accelerating the transformation to value-based payment models that improve care and lower costs," said Task Force Executive Director Jeff Micklos.

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