It is through Bundled Payments, that cost transparency can evolve. This begins with providers and healthcare systems having a better understanding of the costs of care through data.
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Recent Evaluation Results for Medicare’s Episode Payment Model: The Promise of Voluntary Models and Lessons for Future Reforms
Proposed cancellations and revisions to mandatory episode payment models have raised questions about Medicare’s commitment to promoting the adoption of voluntary payment models.
Read MoreHow ‘Home-to-Home Time’ Supports the Goals of Bundled Payments
Addressing the tendency of fee-for-service to promote more spending requires changing the metrics that motivate clinician behavior away from volume as a primary focus. The DRG system, an early example of bundled payment, represents an attempt to solve the problem by paying hospitals a set amount for each hospitalization.
Read MoreNo Bones About It, Bundled Payments Reduce Costs: Study Shows 20% Cost Reduction
Remedy Partners has achieved similar results in a shorter period of time with engaged, aligned, and motivated provider partners across the country. Our experience has shown that hospitals and physician group practices can replicate this success by developing local, focused networks of cooperating providers and committing to optimized workflows.
Read MoreEmpathy, Patients and Caregivers
No matter what our role is in the healthcare system, we each want to contribute to improving the lives of those recovering from illness and seeking a return to health.
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