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The U.S. healthcare system’s shift from volume to value has been a trudging fifteen-year journey. Despite its potential to reduce costs and improve quality of care, the national movement toward value-based care has been harried by inconsistent guidance, confusion and misalignment among payers and providers, and subsequently mixed success across various payment models. Adoption among providers has been slow – and for good reason.
Success in value-based arrangements requires providers fundamentally and meaningfully transform the way they deliver care. Amidst an unprecedented workforce shortage that continues to ripple across the industry – one that has been boiling for over a decade – many provider organizations don’t have the risk appetite right now to whole-heartedly embrace dramatic changes to reimbursement.