The Health Care Transformation Task Force inched closer to its goal of having 75 percent of business under value-based payment models by the end of 2020.
The shift away from fee-for-service to value-based payment has been a slow, but steady journey.
About 61 percent of doctors still fear value-based reimbursement will damage their practice, and another 49 percent believe the alternative payment model will negatively impact patient care by increasing administrative burdens.
The U.S. Department of Health and Human Services (HHS) is now determined to accelerate the transition to value-based payment: HHS Secretary, Alex Azar, citing the rising helthcare costs, advocates taking a leap into value-based care and payment by charging forward. He expects provider and payers to join along to take bolder action.
CMS has already proposed to alter its largest Medicare accountable care organization (ACO) program to accelerate the transition to risk-based payments.