Despite the gradual move away from fee-for-service payment models, value-based contracts are still only a small percentage of overall medical revenues, according to an August report from the Medical Group Management Association.
The MGMA report used 2021 data from a survey of 2,300 healthcare organizations across a variety of specialties and practice types.
Four key takeaways:
- Among all practices, median revenues from value-based contracts were $30,922 per provider.
- Value-based contracts made up 6.7 percent of medical revenues for primary care specialties, 5.5 percent for surgical specialties and 14.7 percent for nonsurgical specialties.
- Among all medical practices, 42 percent tied quality performance metrics to physician compensation plans. In 2016, it was 26 percent.
- Among all medical practices, 45 percent said they use in-house analysts and third-party vendors and software for quality and value-based analytics.