Value-based care could cut healthcare costs. Employers aren’t buying it.

Nearly half of companies don’t plan to make any changes to their value-based arrangements in the next three years, EY found. Value-based care models tie cost to medical outcomes rather than volume like in fee-for-service arrangements and are something the healthcare industry has been transitioning to since the Affordable Care Act went into effect in 2010. Payers should more broadly consider their use, however, according to the president and CEO of healthcare technology company Codametrix. As providers turn to artificial intelligence to automate coding , costs for insurers are climbing, recent Blue Cross Blue Shield Association research posited.

That’s because insurers use codes to process claims. Yet many companies (45%) don’t plan to make any changes to their value-based arrangements in the next three years, EY found. And only 3% of companies are channeling more than 31% of their medical spending through value-based payment models, per the survey. Still, employers cited controlling company medical and pharmacy costs as their top priority when it comes to employee health and wellness benefits, per EY, followed by employee engagement and utilization and controlling the employee share of medical and pharmacy costs.

The company unsuccessfully claimed that the agency’s information requests were overbroad and too indefinite, according to a Wisconsin federal judge. Two Connecticut laws requiring that require employers to provide pay ranges take effect this week. The company unsuccessfully claimed that the agency’s information requests were overbroad and too indefinite, according to a Wisconsin federal judge. Two Connecticut laws requiring that require employers to provide pay ranges take effect this week.

⚡ Effects Interpreter