RevCycle Intelligence January, 2018
Leveraging payer support and partnering with peers are key strategies for independent physicians and small practices looking to implement value-based care and pay-for-performance reimbursements.
Pay-for-performance models aim to reward providers for high-quality care at lower costs. However, value-based reimbursement structures tend to require substantial upfront and ongoing investments and put practice revenue at risk, straining the already tight profit margins of independent physicians and small practices.
Current models typically require extensive practice transformations that can cost practicesthousands, if not millions, of dollars.
From health IT tools and quality reporting systems to additional staff and preventative care services, small practices that operate with month-to-month budgets and tight profit margins cannot always shoulder the initial outlays required to join an alternative payment...
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