A majority of healthcare executives think value-based-care has replaced fee-for-service billing, a new survey found.
Of 160 C-suite executives and other high-level staff surveyed, just 4 percent said they think payers use traditional fee-for-service billing with no connection to quality and value. The majority of executives think payers use FFS models with connections to the quality and value of care taken into account.
The survey, conducted by business intelligence firm Morning Consult and health tech company Innovaccer, found just 1 percent of executives think FFS billing with no connection to value will be in use in 2025.
According to a Sept.14 news release, payers report that FFS billing with no account for value makes up more than 10 percent of billing, higher than providers estimated.
"So, providers think the transition to value has substantially occurred, when in fact we're only at the very beginning," Brian Silverstein, MD, Innovaccer's chief population health officer, said in the release. "The amount of financial risk providers have is going to increase significantly in the next few years."