To succeed in a VBC environment, healthcare providers need their physicians to be engaged and aligned. That will require more than just financial compensation.
Financial compensation is clearly important – and will remain a key component of the overall physician compensation equation, even in a fully VBC world. Over the coming years, health systems will need to incrementally evolve their compensation models to incorporate a much wider mix of outcome measures.
However, it will take more than just dollars influence physician behavior. For example, physicians can often be motivated by good, insightful data. They tend to be very keen on improving their own operational efficiency. Most of all, they care about delivering good outcomes to their patients.