Ripple Effects of the Pandemic on the Move Toward Value
Insight from an HFMA executive roundtable shows that COVID-19 could be a ‘triggering event’ that accelerates adoption of value-based payment.
What happens when provider revenue largely depends on patients receiving in-person treatment, but patients can no longer walk into a healthcare facility for care?
It’s a situation most hospitals and health systems have struggled with during the pandemic.
Because the majority of healthcare payment continues to be based on a fee-for-service payment model, “when demand for in-person care dries up, fee-for-service presents challenges for providers, financially,” said Lynda Rowe, senior advisor, Value-Based Markets, InterSystems.