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Healthcare Payment Reform is Critical to Improving Primary Care

Healthcare Payment Reform is Critical to Improving Primary Care

May 18, 2021Jill McKeonNo CommentsRevCycleIntelligenceAlternative payment models (APMs)

High-quality primary care implementation requires significant healthcare payment reform, expanded telehealth capabilities, and team-based care, according to a recent report from the National Academies of Sciences, Engineering, and Medicine.  

According to the report, 85 deaths per day are associated with the declining workforce in primary care. Compensation in primary care is typically lower than that of specialty care. The study suggests increasing incentives and compensation in order to encourage more medical school graduates to consider primary care as a viable option. 

In addition to a shortage of clinicians, primary care visits have declined significantly, in part due to COVID-19. Primary care practices were not included in the initial COVID-19 relief packages, and a 2020 survey found that half of primary care practices were concerned about having enough cash flow to keep their practices afloat. 

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: Payers, payment reform, PCPs, Primary Care, value-based care, value-based payment, value-based reimbursement, vbc

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