In 2014, the U.S. spent more than $3 trillion on healthcare. The time to adopt a patient-centered, value-based system and break free from the broken fee-for-service model is now.
The good news is that we're already seeing health systems join with health plans across the country in accountable care partnerships, beginning the shift to value.
But are physicians in general ready to receive payments based on value? Are the CMS and health plans ready to be willing and trusted partners with physicians to improve the quality of care provided? With HHS' plan to tie half of all traditional or fee-for-service Medicare payments to value-based payment models by 2018, time is short for physician groups to make the journey away from fee-for-service.
Considering the urgency of this transformation, the American Academy of Family Physicians polled more than 600 family physicians on behalf of Humana to answer one basic question: Are physicians ready? What we learned from polling those doctors on their perceived progress toward value-based payment is that we now need a better question: Are all healthcare stakeholders—including hospital systems, electronic health-record vendors, health plans and specialists—ready to support them?