Value-based care is gaining popularity as an alternative to the fee-for-service based model, according to Business Insider Intelligence's digital health ecosystem report.
According to respondents, the top impediment to value-based care adoption was provider engagement, at 32 percent. Patient engagement followed closely behind at 28 percent, with technology/infrastructure and analytics being challenges for 24 percent and 17 percent of respondents, respectively.
In 2021, it's projected that value-based care payment programs will account for 46 percent of the market, while fee-for-service payment programs will comprise 49 percent.
According to the report, the prevalence of value-based care payment systems has increased dramatically since 2011.
Below, a list showing the growing number of states using value-based care payment systems since 2011:
2011: 3 states
2012: 4 states
2013: 6 states
2014: 16 states
2015: 33 states
2016: 40 states
2017: 47 states
2018: 48 states