Hospitals, health systems and payers appear to be charging full steam ahead to value-based care, but the physicians needed to drive the financial and clinical change may not be so bullish.
A 2014 survey from Deloitte showed even though physicians expect about half of their total compensation to come from value-based payment models in the next 10 years, 78 percent still prefer traditional payment models to value-based ones. Many physicians surveyed indicated reluctance to transition to value-based care payments due to concerns they would be penalized for factors out of their control, or that efforts in areas outside of the performance measures would be ignored.
Other surveys echo this sentiment. One from the American Medical Group Association found multispecialty medical groups and integrated delivery systems expect fee-for-service payments to decline significantly, but many barriers still impede the transition. Respondents indicated lack of transparency in data sets, as well as ineffective attribution, benchmarking and risk adjustment methodologies across both federal and commercial programs as high areas of concern.
The move to value-based care is an upheaval of the way most physicians have been trained, especially amid changing regulations and technologies. However, achieving true alignment with physicians is critical to driving the new clinical and financial models forward. Without physicians behind the initiatives, improving quality and costs related to utilization is not possible.
To learn more about how to capture the hearts and minds of physicians and partner with them on the transition to value-based care models, join Lisa Shah, MD, senior vice president of practice optimization for Evolent Health, Steve Wigginton, chief development officer for Evolent Health, and James Porter, MD, CMO of Deaconess Health System, for a complimentary webinar December 2.