Hospitals Lag in Value-Based Payment but Plan for the Future
Approximately one quarter of hospitals are on track to meet The Centers for Medicare & Medicaid Services’s 2018 goal of providing half of their patient care through value-based payment arrangements, according to a survey by Health Catalyst. Currently, the majority of hospitals surveyed have either zero or less than 10 percent of their care tied to value-based payment models. However, in the next three years, hospital executives indicated they will steadily increase value-based payment options.
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Most respondents said they expect their organizations to be engaged in value-based payment in the three-year time frame, while 68 percent expect risk-based contracts to account for less than half of their total patient care payments and 23 percent expect value-based care to account for more than half of their care.