Reworking provider payment incentives could pave the way for consumers to accumulate healthcare cost savings over the next decade, according to a PhysBizTech.
UnitedHealth Group's Center for Health Reform and Modernization released a report titled, "Farewell to Fee-for-Service? A 'Real World' Strategy for Health Care Payment Reform," which found up to $600 billion could be saved over 10 years through payment reforms.
The report also found physicians think care costs could be cut by 18 percent without any impact on quality. About 59 percent of physicians also reported significant differences in the quality of carve provided by different physician in the same geographic area.
UnitedHealth executives maintain it is time to pay for value, rather than volume to curb healthcare spending on a massive scale.
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UnitedHealth Group's Center for Health Reform and Modernization released a report titled, "Farewell to Fee-for-Service? A 'Real World' Strategy for Health Care Payment Reform," which found up to $600 billion could be saved over 10 years through payment reforms.
The report also found physicians think care costs could be cut by 18 percent without any impact on quality. About 59 percent of physicians also reported significant differences in the quality of carve provided by different physician in the same geographic area.
UnitedHealth executives maintain it is time to pay for value, rather than volume to curb healthcare spending on a massive scale.
More Articles on Coding, Billing and Collections:
Coordinate With Vendors, Clearinghouses for ICD-10 Transition
AdvantEdge Healthcare Solutions Ranked Fourth-Fastest Growing Company in New Jersey
Report: EHR Costs, Requirements Driving Physicians Out of Private Practice