Despite value-based care’s ongoing evolution and progress, data shows that the bulk of physician compensation still comes from fee-for-service arrangements. However, mutually beneficial, capital-efficient partnerships may help counter this trend and advance the “volume-to-value” transition.
As practices financially recover from the COVID-19 pandemic, decision-makers face a perplexing problem: Should practices double down on fee-for-service contracts or explore risky yet potentially rewarding value-based care? Rick Foerster, SVP of Value-Based Operations at Privia Health, argues against this black-and-white thinking and examines tools, technology, processes, and partnerships to help practices navigate and thrive in both payment models.
The Novel Coronavirus 2019 (COVID-19) has had a significant impact on accountable care organizations (ACOs) and potentially their payment models. Read more about CMS’ plans for its future Direct Contracting Model and ACOs.
The benefits of value-based arrangements — increased time with patients, reimbursements that reward high-quality care, and more — appeal to many providers. However, the barriers to entry are often confusing and intimidating. Sam Starbuck, Vice President of Privia Quality Network, offers his expert perspective on how and where providers can get started with value-based models.