A recent survey conducted by the Healthcare Financial Management Association found 51 percent of healthcare financial executives have seen positive return on investment from value-based payment models.
The results from the survey, which was sponsored by health insurer Humana, are promising, but more work needs to be done to maintain them. "Improving our ability to share clinical information across the continuum is key to extending these results and making them sustainable," said HFMA President and CEO Joseph J. Fifer.
The need for improvement is clear, with only 16 percent of the executives responding that their organization is currently highly capable when it comes to interoperability.
The survey also found that nearly 40 percent of respondents don't possess the capabilities that are important to succeed in risk-based value arrangements, such as business intelligence, real-time data access, effective chronic care management and interoperability.
The survey results were based on responses from 146 senior financial executives, including CFOs, finance vice presidents and finance directors. Among respondents, 47 percent were from systems with more than two hospitals and 53 percent were from systems with two or fewer hospitals.
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