Top three needs for providers to get from volume to value
Almost half (45 percent) of providers participate in some type of alternative payment model, according to the findings of the HIMSS Cost Accounting Survey.
However, only 3 percent beleive their organization is highly prepared to make the transition from fee-for-service to a value-based payment system. Participants named the following top three needs for the transition:
- Tools to track and evaluate quality of care
- Better communication between disparate providers
- Consistent definition of quality by specific type of disease
Those serving in an exclusively urban market (48 percent) are more likely to participate in an alternative payment model than those exclusively serving a rural market (31 percent).
While healthcare providers have the ability to determine costs of delivering care, only 39 percent regularly review costs to ensure they are current. Seventy-two percent said they have a formal process in place for determining costs.
Editor
Editor Beth earned a bachelor’s degree in journalism and master’s in health communication. She has worked in hospital, academic and publishing settings over the past 20 years. Beth joined TriMed in 2005, as editor of CMIO and Clinical Innovation + Technology. When not covering all things related to health IT, she spends time with her husband and three children.