Payer executives are expecting value-based care to take off in the next decade.
Though the number of healthcare dollars tied to value-based arrangements has increased, a report from the Healthcare Payment Learning and Action Network found around 40 percent of healthcare dollars in 2021 were still tied to fee-for-service-only arrangements.
Becker's asked 19 executives what the next decade holds for the payer industry — here's what a few had to say about the future of value-based payments:
Don Antonucci, president and CEO of Providence Health Plan, told Becker's the number of value-based care agreements will "dramatically" increase over the next decade.
"Along those same lines, as demand for better patient experiences increases, I believe we will see an industry shift toward more collaborative care models to ensure tighter integration of care and better data sharing," Mr. Antonucci said.
Howard Weiss, vice president of public policy and government engagement of EmblemHealth, said increasing standardization and price transparency will make it more difficult for payers to differentiate themselves based on cost.
"Instead, payers, including health plans, will be judged on their ability to work with providers to reduce health disparities and effectively manage chronic conditions through value-based arrangements," Mr. Weiss said. "Payers that are most aligned with provider groups that are willing to take financial risk based on their performance will be better situated to succeed in this environment."
Value-based arrangements also have the potential to improve health equity, J. Nwando Olayiwola, MD, chief health equity officer and senior vice president of Humana, said.
"To continue to ensure every person has the opportunity to reach their full health potential, payers must ensure health equity stays central to healthcare, guided by appropriate data collection and disaggregation, centering the voices and experiences of the most marginalized, and improving access to the highest quality of care for all through unlocking the potential of value-based care," Dr. Olayiwola said.