Volume- to value-based care: Physicians are willing to manage cost but lack data and tools

Executive Summary

VALUE-BASED payment models require physicians to deliver the best outcomes while managing resources appropriately. Physicians have long focused on quality of care, but in a relatively new development, they now have to pay attention to resource utilization as well, with the goal of reducing overall cost of care. To succeed at this, they need data on health care costs, tools to analyze costs related to outcomes, and aligned financial incentives.