Channel Sponsor - Coding/Billing/Collections

Sponsored by National Medical Billing Services | info@nationalASCbilling.com | (636) 273-6711

50% of UnitedHealth, Aetna, Anthem's spending is on value-based care: 5 key notes

As healthcare edges closer to value-based care, three of the nation's largest payers said they're spending approximately 50 percent on value-based initiatives, Forbes reports.

Here's what you should know.

1. Forbes argues Hopkins, Minn.-based UnitedHealth Group and Hartford, Conn.-based Aetna are the fastest adopters of value-based care models, with Anthem trailing.

2. While Anthem currently has 43 percent of its operating budget tied to value-based care, the company wants at least 50 percent of its budget tied to value-based care by 2018.

3. Aetna CEO Mark Bertolini said during an earnings call the company is on pace to meet its 2020 goal of 75 percent value-based care spending.

4. UnitedHealth spent approximately $52 billion of its $115 billion annual budget on value-based initiatives.

5. Forbes reports it's unclear what direction President Donald Trump's administration will take on value-based initiatives.

More articles on coding, billing and collections:
Anthem lowers outpatient surgery costs by 5.1% through value-based reimbursement — 5 key points
Payers increasing scrutiny of coding compliance
ACA enrollment figures fail to meet 13.8M goal — 4 key points

© Copyright ASC COMMUNICATIONS 2017. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months