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Physician groups eye value-based care, but 95% don't have in-house IT for the transformation: 5 things to know

Black Book released its 2018 value-based care study, examining the physician workforce's transition to value-based care.

 

Here are five things to know.

1. Physicians are seeking value-based care consultants to review ACO opportunities, and especially multispecialty practices are taking on more risk. "Population health and value based care models are driving more coordinated, integrated and consumer-centric physician organizations," said Doug Brown, founder of Black Book Research. "Physicians not affiliated with hospitals are recognizing there are long-term savings if they assume risk and manage population health in the same way as a hospital in an ACO."

2. In the survey, 68 percent of group practices with 10 or more physicians plan to seek external advisement on financial and clinical transformation within the next year. Around 900 physicians participated in the survey.

3. Almost all — 93 percent — of the survey respondents reported not having a strategic plan for transforming to population health management or value-based care solutions because they didn't have any internal experts, and less than 7 percent of the respondents reported selecting a comprehensive value-based care software vendor.

4. Ninety-five percent of the group practice and large clinic CIOs reported their practice doesn't have the information technology or staff in-house for a value-based transformation.

5. After examining 15 consultant advisory practices with ratings from 877 physician groups, Black Book Market Research rated satisfaction among 20 key performance indicators. The respondents ranked CareAllies, a Cigna company, No. 1 in nine of the 20 categories.

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