Value-based payment: Or is it fee-for-service? Or both?

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Physicians frequently use both fee-for-service and value-based payment models, each with distinct implications for primary care reimbursement.
Fee-for-service models can distort incentives and inadequately compensate primary care services, posing challenges for practitioners.
Value-based payment models aim to address these issues but do not fully resolve the challenges faced by primary care practitioners.
The study explores financial dynamics and suggests solutions to encourage primary care practitioners to adopt value-based models.

A physician researcher discusses why primary care physicians do not participate in value-based payment models.

Do physicians work with a fee-for-service payment model? Value-based payment? Or both? Fee-for-service payment is distorted for primary care reimbursement, and value-based payment models do not eliminate that. Ann S. O’Malley, MD, MPH, a researcher for Mathematica, continues explaining some of the financial findings of the study, “Why Primary Care Practitioners Aren’t Joining Value-Based Payment Models: Reasons and Potential Solutions.”