A Quest Diagnostics study suggests value-based care implementation has slowed to a stop.
Quest surveyed 451 physicians and health plan executives to track how their perceptions of value-based care changed over the last two years.
Here's what they found:
1. Physicians and health plan executives believe little progress has been made on value-based care, and what progress existed in 2017 may have been lost.
2. Sixty-seven percent of respondents said the U.S. is still utilizing a fee-for-service system, while 27 percent said the country has a value-based healthcare system. In the 2017 edition of the survey, the percentages were 63 and 29, respectively.
3. Most health plan executives do not believe physicians have the tools to succeed in value-based care, which is a change in attitude from 2017, when most executives believed physicians were well-equipped for the transition.
4. Physicians and executives both believe they lack sufficient patient information. Only 39 percent of physicians said EHRs provided all the data they needed for patient care.
5. Despite the declines in confidence overall, 60 percent of physicians and executives said emerging technologies such as bioinformatics and artificial intelligence could improve value-based care.