Docs treading lightly with new payment models
In the midst of industry development of new payment and delivery models to improve efficiency and help control costs, physicians are cautiously optimistic that these new payment models may contribute to a higher quality of care and improved patient outcomes, according to a recent survey.
The survey, from Fidelity Investments and the National Business Group on Health (NBGH), found that the majority (59%) of primary care physicians (PCPs) believe that the current fee-for-service model is not aligned with quality care.
The survey, which was released just prior to the Alternative Payment Models in Healthcare Conference 2016, held in Orlando, Florida, March 17 and 18, asked 500 practicing physicians about emerging payment and delivery systems, and views on the current payment model.
“Physicians appear to be hesitant about whether recent efforts to reform healthcare reimbursements and improve patient care have worked,” says Karen Marlo, vice president, benchmarking & analysis, at the NBGH. PCP survey takers rated those efforts an average of 4.6 out of 10 in terms of their success.
When asked for the top three ways to control costs, responding physicians indicated that the top method would involve better coordination of care (62%).
This was one of the more interesting findings, according to Marlo. She says that although PCPs believe one of the best ways to control healthcare costs is coordination of care, it varied significantly by the age of the physician, with younger physicians leaning heavily toward coordination of care as the best method compared to liability reform for physicians over age 55 years.