Report to measure Medicare’s payment reform progress
A major employer purchasing group will report this week on how much Medicare actually spends on value-based care, even as HHS has promised to greatly expand that payment model.
The Berkeley, Calif.-based Catalyst for Payment Reform says its May 5 report should serve as a benchmark for evaluating Medicare’s efforts to reward providers through models such as shared savings, accountable care organizations, bundled payments and patient-centered medical homes.
“There is so much payment reform and innovation happening right now,” said Nicole Kohleriter-Perelman, the group’s communications director. “With this report, we will have more information about how Medicare is paying for healthcare and the types of models it uses.” The report includes data dating to 2013. The group, which represents large public- and private-sector employers and healthcare purchasers, has released commercial-sector scorecards for the past two years. Tuesday’s report will be its first specific look at Medicare.
On Friday, CPR released a review of value-based payments by commercial insurers and Medicaid for providers in New York state. It found 94% of commercial payments and 72% of Medicaid payments still flow through fee-for-service.
Kohleriter-Perelman said her group’s members, including Boeing, Home Depot, and public-employee retirement systems in California and Ohio, share the desire for “quality healthcare for their employees at more affordable prices.”