Despite a nearly trillion dollar transition from a healthcare payment model based on volume to one based on value, the road to widespread adoption of value-based care (VBC) has been rocky at best. A new study published by ZS illustrates key factors that influence provider experiences with VBC and proposes ways health plans can better collaborate with providers to ensure mutual success.
ZS deployed one of the largest VBC-oriented primary care physician surveys ever conducted to uncover insights from 1,019 PCPs nationally.
Provider consensus on VBC growth is uniform -- nearly 70% of PCPs expect their revenue tied to VBC to grow over the next 5 years. However, only 30% of providers are highly interested in VBC program participation, and only 6% feel highly supported by health plans.
The research reveals several opportunities for health plans and providers to reexamine their relationship. For example:
- Only one in nine PCPs participated in a VBC program that was highly impactful to the way they deliver care, indicating that VBC still has a way to go before the focus shifts from payment changes to behavior changes that ultimately drive better patient outcomes.
- 92% of PCPs want support from health plans. Those who feel supported are 6x more likely to be highly interested in VBC and to experience greater impact to their care delivery.
- However, only 35% receive the support they desire – indicating there is a large gap that health plans must address
For more on the elements of VBC experience and keys to achieving better success in health plan and provider collaboration, check out ZS’ white paper, "A Transition in Flux: How Health Plans Can Optimize Value-Based Care Initiatives".