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Value-based care is nudging the half-way mark as more and more payers and providers shift their contracts away from fee-for-service arrangements, according to the Health Care Transformation Task Force (HCTTF).
In a new report, the Task Force states that by the end of 2017, 47 percent of its 14 members’ business was tied to some sort of value-based model, representing a steady increase over time.
In 2015, just 30 percent of healthcare dollars flowed through value-based arrangements, rising to 41 percent in 2016.
The upward trend appears encouraging for payers and providers who believe that paying for performance is the industry’s most promising strategy for controlling costs and improving outcomes.