Survey: Physicians Not Prepared for Transition to Value-Based Care | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Survey: Physicians Not Prepared for Transition to Value-Based Care

June 14, 2013
by Rajiv Leventhal
| Reprints

According to a survey of 139 hospital and health system executives by the Healthcare Financial Management Association (HFMA), only 20 percent of physicians believe they are “very prepared” and have the necessary infrastructure to support quality and outcomes-based management. This reinforces the need for services that will help hospitals as they work with their physicians and physician practices to transition to the new models of care.

The survey, sponsored by Atlanta-based health IT vendor McKesson, queried the executives about physician affiliation strategies to assess current and future trends and the impact of changing care models on employment.

According to the survey, today’s hospitals consider physician relationships critical to their success in an accountable care environment—whether through direct employment or affiliation with independent community physicians.

The survey also confirmed that physician compensation will become increasingly value-driven. According to the findings, 77 percent of current physician agreements are based on productivity or volume. In the future, cost-of-care or efficiency-related incentives in physician agreements are expected to grow dramatically from 16 to 67 percent. Similarly, quality-related incentives are expected to increase from 65 to 85 percent.

“The survey demonstrates the shift from the ‘fill your beds’ mentality of the past based on fee-for-service,” Janice Wiitalia, director of research for the HFMA, who led the research project, said in a press release statement. “Everyone is starting to realize that the focus in a value-based environment is keeping patients healthy, not the volume of care provided.”

In addition, 72 percent of the survey respondents cited improved care coordination as the greatest short-term benefit of employing physicians. They expect to start to reap those benefits approximately two years after employment.

Topics

News

NewYork-Presbyterian, Walgreens Partner on Telemedicine Initiative

NewYork-Presbyterian and Walgreens are collaborating to bring expanded access to NewYork-Presbyterian’s healthcare through new telemedicine services, the two organizations announced this week.

ONC Releases Patient Demographic Data Quality Framework

The Office of the National Coordinator for Health IT (ONC) developed a framework to help health systems, large practices, health information exchanges and payers to improve their patient demographic data quality.

AMIA, Pew Urge Congress to Ensure ONC has Funding to Implement Cures Provisions

The Pew Charitable Trusts and the American Medical Informatics Association (AMIA) have sent a letter to congressional appropriators urging them to ensure that ONC has adequate funding to implement certain 21st Century Cures Act provisions.

Former Michigan Governor to Serve as Chair of DRIVE Health

Former Michigan Governor John Engler will serve as chair of the DRIVE Health Initiative, a campaign aimed at accelerating the U.S. health system's transition to value-based care.

NJ Medical Group Launches Statewide HIE, OneHealth New Jersey

The Medical Society of New Jersey (MSNJ) recently launched OneHealth New Jersey, a statewide health information exchange (HIE) that is now live.

Survey: 70% of Providers Using Off-Premises Computing for Some Applications

A survey conducted by KLAS Research found that 70 percent of healthcare organizations have moved at least some applications or IT infrastructure off-premises.