Hospitals are expecting a rapid shift to value-based contracts, according to results of a new survey by Kaufman Hall, a Skokie, Ill.-based management consulting and software firm.

The survey of about 70 clients earlier this year found that many hospitals already participate to some degree in value-based reimbursement. Some 42 percent of respondents reported in February that value-based contracts represented 10 percent or more of their revenue, compared with only 21.6 percent six months earlier. Asked to project ahead 24 months, 22.4 percent of respondents said they expected these contracts would represent half of their revenue, compared with only 7.4 percent that had that expectation six months earlier.

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