To further the transition to value-based reimbursement, the Obama administration has outlined specific goals for providers. However, a new survey from Health Catalyst shows that few are actually on track to meet them.
According to the survey, less than a quarter of surveyed hospitals will be able to tie fifty percent of their Medicare payments to the alternative value-based model by twenty-eighteen. Today, only three percent of health systems meet these targets.
The survey also shows that while health care organizations embrace value-based payments, few have the tools to achieve these goals.
To help providers better transition, fifty-two percent of respondents cited the importance of implementing data analytics over creating a culture of quality improvement.
For more resources and solutions to improve your financial efficiency, contact Professional Medical Services today.
Thanks for watching!
