Cone Health CEO: 'Schizophrenia' surrounds payment model transformation

Medical providers are becoming increasingly distraught over how they are paid to care for patients during the healthcare industry's push toward value-based care, health system leaders from North Carolina's Triad region said Monday, according to the Triad Business Journal.

"The schizophrenia we all face is around our payment models that in many respects are not in sync," Terry Akin, CEO of Greensboro, N.C.-based Cone Health, said at the North Carolina Hospital Association's healthcare panel at Wake Forest Biotech Place in Winston-Salem, N.C., according to the report.

Mr. Akin noted Cone Health's progress transitioning to value-based care, but added most hospitals and physicians are largely still in fee-for-service payment models. Stephen Motew, MD, a vascular surgeon and vice president of Novant Health's Winston-Salem Market, agreed with Mr. Akin's remarks.

"It's a terrible challenge we face having to play in both fields," Dr. Stephen Motew said on the panel, according to the report. "Everyone up here — we're all ready. We're waiting for everyone else to be ready."

To better prepare future physicians to provide high-quality care under a risk-based environment, medical schools are beginning to tailor training toward new models that focus on a team approach to care, as well as population health management. Physicians have not been trained in a team-based environment in the past, Wake Forest Baptist Medical Center CEO John McConnell, MD, noted. Wake Forest School of Medicine is redesigning its curriculum to include these changes

 

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