Value-Based Payment is a relatively new concept in medicine

Photo 67526392 © Monkey Business Images - Dreamstime.com

Regulations hold doctors back from achieving goals of Value-Based Payment, study finds

October 24, 2018 - 4:30 am

KYW’s Medical Reports Sponsored By Independence Blue Cross. 

By Dr. Brian McDonough, Medical Editor

PHILADELPHIA (KYW Newsradio) --  The term is Value-Based Payment.

It is a relatively new concept in medicine, where doctors are paid not only on getting patients better and treating illnesses, but by the quality of care they provide, including preventive medicine.

It is an outstanding concept that is finally linking payment with what really matters. 

Think about it. 

A healthcare system is about health, not the time people spend in hospitals or taking medications. Health is all about preventing illness and doing everything you can to prevent problems. 

I'm sad to report that the first few years of Value-Based Payment has not even come close to achieving the potential results that are possible. The problem is that doctors are finding themselves increasingly burdened with filling out numerous check boxes designed by people with excellent intentions but largely not involved in the actual care of patients. 

According to a study of the Medicare Quality Payment Program, one of these payment programs, 86 percent of physicians said the regulatory burdens have increased dramatically over the last year and 94 percent said this is limiting the amount of time that doctors can spend with patients.  

The goal is excellent but clearly, much more work needs to be done.