Study, only 16% of physicians ready to accept financial risk in value-based payment model

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.

Advertisement

•    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

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Advertisement

Next Up in ASC Coding, Billing & Collections

  • DISC Surgery Center at Walnut Creek (Calif.), formerly known as Pinnacle Surgery Center, has permanently closed as of Aug. 1,…

Advertisement

Comments are closed.