HealthLeaders Media August 20, 2020
While the threat of financial loss is the main reason organizations have not moved to risk-based models, the survey report says “COVID-19 has highlighted the inadequacy of a transaction-based approach to care.”
KEY TAKEAWAYS
– In past years survey respondents predicted dramatic increases in the percentage of annual revenue that would be involved in risk-based contracts, but “progress has failed to keep pace with expectations.”
– Fears about losing money are the primary barrier to risk-based contracting, followed by issues with IT, tracking, and management systems.
– The pandemic has showcased the flaws with the fee-for-service model and may accelerate the pace of population health initiatives.
While there is nearly unanimous agreement that population health initiatives are important to...
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