Despite a predicted continual move away from fee-for-service, value-based care still accounts for a small portion of medical revenue in most specialties, a new report has revealed.
The Medical Group Management Association (MGMA), a trade group focused on medical practice management, put out its latest 2022 DataDive Practice Operations report based on last year’s data from more than 2,300 organizations, Fierce healthcare reports.
Improving patient access and care delivery are top priorities for healthcare leaders. Though there is little consensus on a definition of value-based care, the report noted, the gradual move away from fee-for-service will continue. Value-based contracts accounted for 7% of medical revenue among primary care specialties, 6% among surgical specialties and 15% among nonsurgical specialties. On average, that represents about $30,922 per provider.
The survey also provided key benchmarks for quality measures. Median quality measure performance across all reporting practices were: 3% hospital admission rate, 11% hospital 30-day readmission rate, 27% emergency department utilization rate and 1% 30-day postoperative infection rate. Nearly half of practices use both in-house analysts and third-party vendors for quality analytics. Read more.
