Avalere researchers administered a survey to 50 payers on their use of outcomes-based agreements in 2019. While more than half of health plans are using outcomes-based contracts now, in 2017, only 24 percent of health plans had such contracts.
Avalere found almost 60 percent of health plans that already had an outcomes-based contract reported savings and clinical improvement as the biggest advantages of the agreement. Since Avalere began completing its study in 2017, both cost savings and clinical improvements have increased.
Read more here.
More articles on payers:
Woman says UnitedHealth sent her 500 denial letters in 5 days
BCBS of North Carolina CEO resigns after DWI arrest
UnitedHealth stock faces largest quarterly drop since 2010