When Will Value Based Care Actually Happen? - Cover

When Will Value Based Care Actually Happen?

Value-based care (VBC) may seem to be the logical goal of healthcare providers; why wouldn’t you focus your attention on the quality of provider performance? Yet many providers hesitate to make the change from the tried and true fee-for-service model because, well, it’s difficult to track quality.

This is where HIT vendors come in. As providers increasingly see the shift from fee-for-service to VBC as inevitable, VBC solutions will become invaluable. When providers concentrate their efforts on improving overall patient health and can accurately track their performance, the providers and patients benefit together.

Recently, KLAS surveyed providers regarding this transition to value-based models; providers discussed their feelings toward this trend, the VBC firms already in use, and their confidence in the value-based care model. Even though many VBC vendors claim to be leaders in the field, providers mentioned 125 unique vendors, 83 of whom were mentioned only once.

2016 Value Based Care Most Frequently Mentioned Third Party Vendors

While most providers now feel that a shift to VBC is inevitable, a majority balk due to a lack of strong offerings from HIT vendors. They are waiting for more enticing products to become available before risking a large investment, opting instead to rely on current technologies and their own experience for patient care.

Because of the ease with which EMR vendors can integrate VBC solutions, they often receive the first chance to provide VBC initiatives. To see which EMR vendors are in highest demand to provide VBC services, read the full Value-Based Care 2016 report.