By Rohan Kulkarni, vice president of Strategy and Portfolio for Xerox Healthcare Business Group
Legislation and regulations continue to hit the healthcare industry faster than it can keep up. The latest: The Centers for Medicare & Medicaid Services (CMS) will require 50 percent of payments to be value-based by 2018. This means that healthcare providers will be compensated for value provided rather than volume of services rendered.
According to new research from Xerox , healthcare decision makers are not ready for this switch: 43 percent say value-based contracts currently make up less than 10 percent of their current portfolio. In addition, they are struggling to stay in the black on the value-based contracts they’ve undertaken to date. In fact, 77 percent agree that some providers who adopt a value-based approach are losing money.
This infographic below shows additional concerns from payers and providers.
Xerox Health Outcome Solutions, announced today at HIMSS16, is a full lifecycle population health management solution that helps providers improve financial and clinical value-based contractual outcomes.
Join the conversation: Follow us @XeroxHealthcare and visit us at booth #8005 at HIMSS this week.
(Click on the image to view a larger version.)