Providers Continue to Consider Alternate Payment Models Heading Into 2017
The results from the 2016 Practice Models Perspectives Survey are in, and providers continue to see the possibilities of switching to alternate payment models like direct primary care and concierge. According to the survey, sponsored by Kareo and the American Academy of Private Physicians, 25% of providers are already using one of these or some other membership model in their practice and another 35% are considering a change. And the reasons shouldn't surprise anyone. Providers want more time with patients, more work/life balance, and to separate from the insurance payer system. This infographic provides more details on who is changing and why as well as some of the differences and similarities between these models and traditional fee-for-service. One of the most striking findings may be that less than 30% of providers using alternate models have their entire patient population on that model. Most practices use a private pay or membership model along with other models to serve patients while still seeing some of the benefits of reducing fee-for-service. See more below.