By Tamara StClaireBy 2018, the Centers for Medicare & Medicaid Services (CMS) will require 50 percent of payments to be value-based, meaning providers are compensated for healthy outcomes rather than each service provided.
Xerox recently released a survey of more than 200 healthcare decision makers and found that payers and providers are struggling to balance the need to move to a value-based model with their concerns about significant obstacles to its success.
In fact, nearly 90 percent of providers and payers we surveyed said less than half of their current portfolio is value-based. Of that group, 43 percent said less than 10 percent of their portfolio is value-based.
It’s clear that payers and providers have a long way to go, but determining the best way to get there depends on who you ask.
Population Health Management strategies can address some of the concerns that payers and providers raised about the shift to value-based care. But these strategies often rely on disjointed and dis-integrated technology and services, which can make it harder to manage healthy patient populations.
On Thursday, May 5,* at 1 p.m. EDT, we will have the opportunity to explore this topic and analyze payer and provider readiness based on insights from Xerox’s healthcare survey during a live Google+ Hangout.*
#Healthcare IT experts analyze insights on #ValueBasedCare on May 5. http://ctt.ec/i4I91+ #HealthITExperts
I am excited to be joined by four experts for whom this topic is top of mind.
- Mandi Bishop, health plan analytics innovation practice lead, Dell
- Jennifer Dennard, reporter and digital diva, HIStalk
- Geeta Nayyar, chief healthcare & innovation officer, Femwell
- David Rauch, global payer offering lead, Xerox Healthcare Business Group
During our conversation, we’ll answer questions such as:
- Why do you think the value-based care portfolio is so low? How do we change this?
- How can healthcare insurance providers remove financial obstacles?
- What gaps exist between the patient and their healthcare payer/provider?
- How should the relationship between providers and health plans change in the new healthcare economy?
- How can we ensure the healthcare system works better for consumers, and gives us more healthy outcomes?
But we also want to answer your questions. Use Twitter and hashtag #HealthITExperts to ask me, Mandi, Geeta, Jenn and Dave questions about population health management.
*Technical difficulties caused us to move the date of Google+ Hangout May 5. As a result, we also had to change the URL for the Hangout. We apologize for the confusion and inconvenience, and we look forward to your participation on May 5.