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Deloitte Survey Finds Financial Incentives, Technology Could Increase Physician Engagement in Value-based CareNEW YORK, Oct. 27, 2016 /PRNewswire/ -- A combination of financial incentives and data-driven tools and capabilities may help stimulate the adoption of value-based care among physicians, according to the "Deloitte Center for Health Solutions 2016 Survey of U.S. Physicians." Physicians are affected by industry changes, and can have great influence on the cost and quality of care, making them a crucial stakeholder group in the transition to value-based care. While the Deloitte survey confirms the slow pace of adoption of value-based payment models among physicians, it also suggests many physicians conceptually endorse some of the main principles behind value-based care, such as quality and resource utilization measurement. The transition from volume-based to value-based payment and care delivery models has been one of the most important industrywide initiatives to help improve the performance of the U.S. health care system, yet the pace of adoption among physicians has been slow. The Deloitte survey, a nationally representative sample of 600 U.S. primary care and specialty physicians, found there is currently little focus on value in physician compensation and physicians are generally reluctant to bear financial risk for care delivery – both are factors in the slow pace of adoption. "Physicians should change their behavior to make implementation f value-based care models effective," said Mitch Morris, principal, Deloitte Consulting LLP, and leader for the health care industry at Deloitte. "But today there is little incentive for them to change; many are still being paid under fee-for-service models and they're not equipped with tools that could help them deliver high-value care." Tools and capabilities to support value-based care are still in short supply for many physicians and vary in maturity. The survey found that while 3 in 4 physicians have clinical protocols, only 36 percent have access to comprehensive protocols (i.e., for many conditions). Also, only 20 percent of physicians receive data on care costs. While these findings shed some light on why physicians have been slow to adopt value-based care models, they also suggest that other industry stakeholders – and physician organizations themselves – can effectively work with individual physicians toward value-based care. These organizations should consider partnering with physicians and seek to:
"Legislation like MACRA, which aims to accelerate the adoption of value-based payment models, will stimulate health care organizations to encourage physicians' adoption of value based care," said Ken Abrams, managing director, Deloitte Consulting LLP, and life science and health care national physician executive at Deloitte. "The survey findings show some clear opportunities for engaging physicians in value-based care, which is becoming more important to health systems." About the Deloitte Center for Health Solutions The source for health care insights: The Deloitte Center for Health Solutions (DCHS) is the research division of Deloitte LLP's life sciences and health care practice. The goal of DCHS is to inform stakeholders across the health care system about emerging trends, challenges and opportunities. Using primary research, rigorous analysis and providing unique perspectives, DCHS seeks to be a trusted source for relevant, timely and reliable insights. As used in this document, "Deloitte" means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting. Logo - http://photos.prnewswire.com/prnh/20160614/379251LOGO
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