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While progress toward the adoption of value-based care has been a slow lumber, the healthcare industry is still pushing toward that transition, with UnitedHealth Group weighing in on how best to accelerate that transformation.
In its latest “A Path Forward” report, UHG said that as of 2023, about 60% of UnitedHealthcare members are served by physicians under value-based arrangements, an increase from previous years, which the insurer said reflects its efforts to move away from fee-for-service models.
According to the report, value-based arrangements have resulted in 12% lower healthcare costs and a 26% reduction in hospital admissions for patients under these contracts. Moreover, outcomes such as improved chronic disease management and better preventive care were cited by UHG as evidence of the success of this model.
Yet there are several critical components that are key for advancing, and accelerating, the shift to value-based care, UHG said.