In January 2015, HHS announced its goal to shift 30 percent of all Medicare payments to value-based models by 2016, and Patrick Conway, MD, CMO for CMS, is confident that can be achieved.
Regarding the target on value-based payments, Dr. Conway said, "We think we'll reach that goal," at a recent event hosted by The Hill.
Although the mark for 2016 may be within reach, the standard is higher in later years. By 2018, the benchmark is to have half of all Medicare provider payments fall under an alternative model, which includes accountable care organizations, patient-centered medical homes or bundled payments.
Federal health officials hope the integration of outcome-driven care into Medicare will have a ripple effect, according to The Hill, and that already appears to be happening. A couple of days after HHS announced its ambitious goal last January, the Health Care Transformation Task Force — which includes more than 30 insurers and provider organizations — committed to moving 75 percent of its businesses to value-based arrangements by 2020.
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