A new study released by FTI Consulting has found a disparity between payers and physicians when it comes to value-based payment models. Here are six statistics from the study.
• 41 percent of primary care physician who are not currently in a value-based arrangement consider mistrust of payers the biggest stumbling block standing in the way of forming such a relationship
• Only 16 percent of physicians were willing to accept the required financial risk
• 80 percent of payers say value-based contracts are "very important" for overall strategy
• 92 percent of providers say value-based contracts are "somewhat" or "very important" for overall strategy
• 55 percent of payers say many of their commercial contracts remain fee-for-service
• 15 percent of providers say they are only interested in fee-for-service contracts
More Articles on Coding and Billing:
15 statistics on top unexpected denials
5 articles on price transparency in the ASC industry
ICD-10 toolkit: 7 articles to prepare for October 2015
• 41 percent of primary care physician who are not currently in a value-based arrangement consider mistrust of payers the biggest stumbling block standing in the way of forming such a relationship
• Only 16 percent of physicians were willing to accept the required financial risk
• 80 percent of payers say value-based contracts are "very important" for overall strategy
• 92 percent of providers say value-based contracts are "somewhat" or "very important" for overall strategy
• 55 percent of payers say many of their commercial contracts remain fee-for-service
• 15 percent of providers say they are only interested in fee-for-service contracts
More Articles on Coding and Billing:
15 statistics on top unexpected denials
5 articles on price transparency in the ASC industry
ICD-10 toolkit: 7 articles to prepare for October 2015