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Despite a significant push towards value-based care in recent years, many health systems still largely compensate physicians based on the volume of their services, according to a new study from RAND Corporation.
A push for value-based care
According to Fierce Healthcare, there has been an ongoing push across the health care industry, particularly from payers, to move towards value-based payment structures instead of volume-based payment structures. Value-based payment structures incentivize health care providers to improve the quality of the care they deliver and reduce spending, which can significantly impact patient outcomes and costs.
For example, Humana in September released data showing Medicare Advantage members who received value-based care had more preventive care, lower costs, and better outcomes in 2020 compared with traditional Medicare members.
Similarly, Blue Cross and Blue Shield of North Carolina reported that Blue Premier, its value-based care program, saved $197 million in 2020. The program has continued to grow amid the pandemic, adding new provider participants and further improving quality and costs for its members.