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While traditional fee-for-service reimbursement models still reign supreme, more healthcare organizations are adopting value-based care (VBC) models.
Between 2019 and 2021, investment in VBC and alternative payment models grew by 400%. During the same time period, investment in legacy care delivery models remained mostly flat.
The appeal of VBC is evident, as healthcare leaders aim to reduce costs while improving patient care and outcome quality — but implementation is far from simple. Provider organizations of all sizes are grappling with competing priorities and common challenges in data, operations, behavior change, and resources necessary for smooth, effective transitions to new care models.
Becker’s Healthcare recently spoke with Chad Dodd, vice president of product management at athenahealth, to learn why organizations must prepare for the shift to VBC, practical steps for adopting these models and where technology plays a role.