• Center on Health Equity and Access
  • Clinical
  • Health Care Cost
  • Health Care Delivery
  • Insurance
  • Policy
  • Technology
  • Value-Based Care

Dr Roy Beveridge: Value-Based Care Means Better Reimbursement for Physicians

Video

Physicians have shown great interest in understanding how to transition into value-based processes, especially with the new rules under the Medicare Access and CHIP Reauthorization Act (MACRA), said Roy Beveridge, MD, chief medical officer of Humana. While these transitions take time and effort, they eventually lead to physicians being reimbursed more for longer visit times and improved outcomes.

Physicians have shown great interest in understanding how to transition into value-based processes, especially with the new rules under the Medicare Access and CHIP Reauthorization Act (MACRA), said Roy Beveridge, MD, chief medical officer of Humana. While these transitions take time and effort, they eventually lead to physicians being reimbursed more for longer visit times and improved outcomes.

Transcript (slightly modified)

How does Humana work with physicians who might be inexperienced or unfamiliar with value-based models?

With MACRA, what we’ve seen is great interest in understanding how, particularly for Medicare patients, people move into these value relationships, these value processes. We’ve been doing this for 30 years, and it’s not a fast process. It’s a process that requires a retooling of the practice, a reengagement with patients, and a commitment on the payer to support the physician group.

An example would be that the average time in a fee-for-service encounter with a patient is about 11 to 15 minutes. In a value relationship, it’s about 30 to 40 minutes, and the patient is seen much more frequently. The physician is also reimbursed better, because they’re spending more time with the end result for the patient being improved health, decreased hospitalization, improved medication adherence, more cancer screenings. That’s the value of value-based care.

Related Videos
Pregnant Patient | image credit: pressmaster - stock.adobe.com
Amit Singal, MD, UT Southwestern Medical Center
Mila Felder, MD, FACEP, emergency physician and vice president for Well-Being for All Teammates, Advocate Health
Dr Julie Patterson, National Pharmaceutical Council
Diana Isaacs, PharmD
Beau Raymond, MD
Binod Dhakal, MD, Medical College of Wisconsin, lead CARTITUDE-4 investigator
Dr Sophia Humphreys
Robert Zimmerman, MD
Related Content
© 2024 MJH Life Sciences
AJMC®
All rights reserved.