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46% of providers still unsure of value-based care's effect: 3 survey insights

A survey in Physicians Practice stated 46 percent of providers are unsure how shifting towards a value-based system will impact their revenue cycles, RevCycle Intelligence reports.

Here's what you should know.

1. Surveyors recorded 1,124 responses. The results are as follows:

  • 12.5 percent believe value-based care would be good for their practice
  • 29.4 percent said it would be bad for their practice
  • 11.7 percent were undetermined what benefit value-based systems would have
  • 46.4 percent were unsure of its effect

2. The survey asked providers what percent of their revenue would consist of fee-for-service contracts:

  • 25.7 percent said none
  • 35 percent said 1 percent to 10 percent
  • 16.5 percent said 11 percent to 25 percent
  • 9.7 percent said 26 percent to 50 percent
  • 13.1 percent said more than 50 percent

3. The survey also asked providers how prepared they were for Medicare Access and CHIP Reauthorization Act of 2015:

  • Already mostly value-based — 15.9 percent
  • Some value-based care but are mostly fee-for-service — 20.4 percent
  • Preparing to switch to value-based care —13.1 percent
  • Not prepared for MACRA — 31 percent
  • Don't know what MACRA is — 19.6 percent

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