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McWilliams School of Biomedical Informatics

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Who is ready for the Healthcare Payment Model change?

Wednesday, April 20th, 2016

The healthcare industry is, as we know, ever-changing. New innovations are introduced, standards are updated and patient & provider needs are evolving. One current change taking place in the healthcare industry is the shift from the fee-for-service model to the value-based model. While this change seems congruent with all the others currently taking place in the healthcare industry, it appears organizations are not ready to embrace the new value-based model, which will “transform the way primary care is provided and reimbursed.”

This week’s infographic blog examines the results of the 2016 HIMSS Cost Accounting Survey that 102 finance professionals from healthcare provider organizations throughout the country participated in. The professionals were asked to speak to their organization’s preparedness for the move from the fee-for-service model to the value-based model.

Results indicate that only 3% of professionals that completed the survey believe their organization is “highly prepared to make the transition from fee-for-service to a value-based payment system.” Despite the fact that the healthcare industry is accustom to change, the evolution of the healthcare payment model may not be easily embraced.

The Journey Towards Alternative Healthcare Payment Models