Don't Bungle Bundled Payments
The Bundled Payments for Care Improvement initiative, a three-year pilot program from the Centers for Medicare & Medicaid Services offers a challenge to participating hospitals and health systems: Instead of issuing multiple payments to multiple providers surrounding a single episode of care, accept one payment for a variety of services performed under that care episode.
The thought is that doctors, hospitals and other affiliated care providers will be incented to coordinate patient care better because it better aligns financial incentives with patient care.
And bundled payments, under which organizations can share any savings between the payment and the cost of care, will also reduce complications and cut the cost to Medicare of paying for the services associated with a particular episode of care, for example, in a total knee replacement surgery and its follow-up care.
- Senators Hear How Two-Midnight Rule Harms Patients, Hospitals
- 3 Management Lessons from a Supermarket Debacle
- Handshaking Spreads Germs. Get Over It.
- Healthcare Costs Start With What We Eat
- Hospitals Likely to Outsource ICD-10 at Launch
- IOM Identifies GME Problems, Calls for Finance Changes
- CMS Confirms ICD-10 Deadline
- Anatomy of 3 Health System Rebranding Efforts
- Premium Subsidy Fight Creating Uncertainty for Hospitals, Health Plans
- Medicare Advantage Carriers See 'No Choice' But to Accept Cuts