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Payers that implemented value-based payment models reduced healthcare costs by an average of 5.6 percent, improved provider collaboration, and created more impactful member engagement, according to a new study from Change Healthcare.
The Finding the Value: The State of Value-Based Care in 2018 report, presented at the 2018 AHIP Expo, found that payers are effectively achieving the Triple Aim of healthcare while moving two-thirds of provider reimbursement into value-based payments over the last two years.
A quarter of payers experienced over 7.5 percent in medical cost savings when participating in value-based care agreements and by using innovative payment models.