But what about the other quarter of organizations?

"It is not necessarily a surprise that nearly a quarter of providers are not acknowledging the need for value-based payments," says KPMG partner Joe Kuehn in a statement.

"Various parts of the country are transitioning at a slower pace," he adds. "The vast majority of health plans and providers, however are moving this way, particularly after CMS had set some aggressive targets in January 2015, followed by some of the national health plans, to shift their reimbursement in this direction."

Under former President Barack Obama, the Centers for Medicare and Medicaid Services aggressively sought to reduce long-term spending by introducing outcome-based payments to Medicare.

Last year, for instance, Medicare began basing reimbursements to providers for knee and hip replacements based on certain outcomes, such as whether the patient is readmitted to the hospital within 30 days of the operation.

More broadly, 2017 is the first year when Medicare Part B providers will be assessed under the either the Merit-based Incentive Payment Programs (MIPPS), which will begin adjusting reimbursements for providers in 2019 based on their performance on a number of metrics in the preceding years. There is a separate track (Alternative Payment Models) for providers that choose to develop and propose an alternative value-based reimbursement system to be reviewed and potentially authorized by CMS.