Nearly half of primary care physicians, who are not currently in a value-based arrangement, say their biggest roadblock to agreeing to enter into one is their distrust of payers, according to a survey by FTI Consulting, a global business advisory firm.
A total of 251 providers specializing in general practice, internal medicine and family medicine participated in the survey. The survey also includes responses from 20 different U.S. payers.
Key findings of the survey are:
• Eighty percent of payers say that value-based contracts are "very important" to their strategic objectives, and 92 percent of providers say these types of contracts are either "somewhat" or "very important" to them.
• Fifty-five percent of payers say that many of their commercial contracts remain fee-for-service.
• Fifteen percent of providers say they are "only interested" in the fee-for-service reimbursement model.
• Forty-one percent of primary care physicians say their biggest obstacle before agreeing to enter into a value-based contract is their distrust of payers.
• Also, only 16 percent of physicians were willing to accept the financial risk — a key element of many value-based arrangements sought by payers.
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