Number of Providers With Risk-Based Contracts More Than Doubles Since 2011

The number of providers with risk-based contracts for total cost of care has more than doubled since 2011, according to findings from The Advisory Board.

 

The finding is from The Advisory Board's 2013 Accountable Payment Survey, which is an ongoing benchmarking initiative based on more than 110 responses from senior healthcare executives, with most representing large, multihospital health systems.

The adoption rate for risk-based total cost of care contracts rose from 14 percent in 2011 to 35 percent in the 2013 survey. Also, more providers adopted bundled payments in that same timeframe, as the adoption rate grew from 16 percent to 27 percent.

The Advisory Board said these initial survey results suggest the trend toward more provider accountability is not likely to subside. "Of those still sitting on the sidelines, more than half anticipate engaging in total cost of care contracts within the next three years; two-thirds expect the same to be true for bundled payments," according to the report.

More Articles on Hospitals and Risk-Based Contracts:

Bundling Without Fumbling: How Transparency Fits in Value-Based Payments
UnitedHealthcare to Double Value-Based Contracts With Providers by 2017
Where Commercial and Employer Bundled Payments Stand in Healthcare Right Now

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