I-18 - Effects of health care payment models on physician practices: Is the U.S. making progress in value-based care models?
Increasing health care costs, the Affordable Care Act (ACA), and the Medicare Access and CHIP Reauthorization Act (MACRA) have led both public and private sector payers to increase their participation in payment models other than fee-for-service, such as capitation, episode-based and bundled payments, pay-for-performance, and retainer-based payment. In 2014 and 2015 the American Medical Association and the RAND Corporation investigated the ways in which physician practices responded to these payment models. The findings of that research paved the way for the development of valuable tools and resources that support physicians navigating the changing environment. This year, the AMA and RAND teams collaborated again to conduct a follow-up study with the same practices, hospitals and health plans in six distinct markets to determine if the effects of these changes have persisted, improved or further affected their practices in any variety of ways. Today’s event will showcase the findings of the RAND follow-up study and the challenges still experienced, improvements realized, and strategies implemented to navigate the transitions catalyzed by changing payment models. If you have any questions, please contact us at 800-621-8335. Should you have questions regarding the content, please contact Carol Vargo at firstname.lastname@example.org.