Value-based payment growth is not expected to stop as the healthcare industry continues to move away from fee-for-service, according to a report from healthcare quality solutions provider Q-Centrix.
The report, released Jan. 8, examines data from U.S. government sources, the Joint Commission, Q-Centrix's registry abstraction database, healthcare professional surveys and Q-Centrix and other analyses.
Four findings:
1. The report estimates a 4 percent annual increase in the portion of payments tied to value-based care from the end of 2017 to the end of 2018.
2. It estimates the percentage of care delivery associated with value-based payments to reach 22 percent by the beginning of 2019. This represents nearly 25 percent of all care-delivery payments and an increase from 18 percent at the start of last year.
3. Growth in participation in clinical data registries that comprise clinical quality data is also expected to continue. The report estimates the number of hospitals submitting data to the top 20 major inpatient clinical registries will increase an average of 7 percent annually, from 18,432 in 2017 to 23,773 in 2021.
4. Four of the five registries that hospitals most participated in in 2017 focused on care and/or processes related to cardiovascular disease.
Read more about the report findings here.
More articles on healthcare finance:
HCA Healthcare spends $52.5M on land for planned Florida hospital
5 thoughts from hospital leaders on the CMS price transparency rule
Charge capture data on health execs' radar, but missing from agendas, survey finds