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Leigh Williams has a metaphor she likes to use to describe the shift from fee-for-service to value-based care. It’s about fishing, in a boat on a lake.
When there’s a storm forming on the horizon when the barometric pressure starts dropping, that’s when the “fish start biting like mad,” said Williams, administrator of business systems at University of Virginia Health System.
In that way, it’s the “best time to be out there,” she said. “You need to get back to shore, but you really don’t want to because you’re out there to catch fish.”
Right now, most of healthcare is on the cusp of fee-for-service and value-based care, she explained. Providers are still making money with volumes of patients, but there’s a change looming that could be a wake-up call.