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|The Next Generation of Bundled Payments - Charting a Course for Financial Success|
In 2015, Health
and Human Services Secretary Sylvia Burwell updated the Centers for
Medicare & Medicaid Services’ (“CMS”) timeline for moving
fee-for-service to “alternative payment models” – the goal is to have 50
percent of Medicare fee-for-service payments be linked to “alternative
payment models" by 2018. For the past 18 months, employers and
commercial payers have explored bundled payments, one of the alternative
payment methods, with more than 6,000 participants signed on to
participate in testing and scaling bundled payments with Medicare in the
BPCI program. The evaluation of such tests will inform precisely how
bundles will roll out nationally.
Conceptually simple with a relatively low entry point, it is no surprise that when considering the alternatives, healthcare organizations and physicians are enthusiastically test-driving bundled payments. Bundled payment models can help shift market share and add volume, resulting in lower costs per case and an increase in an organization’s aggregate quality results. While CMS has piloted bundled payments through their Acute Care Episode Demonstration (ACE) project and the Bundled Payment for Care Improvement Initiative (BPCII), organizations across the country are beginning to pursue bundled payments directly with commercial payers as well. The benefits are significant, and forward-thinking hospitals will consider seizing the opportunity now.
This 60-minute webinar, presented by GE Healthcare Camden Group, examines the current bundled payments environment and what successful organizations are doing to position themselves in the new era of payment reform and value-based care. Please join us Thursday, February 4th, 2016 at 2 PM Eastern as GE Healthcare Camden Group's Kelly Tiberio and Barbara Letts provide a real-time look at bundled payments and discuss how to succeed today and in the future in this arena. Click here for detailed information and to register or call 209.577.4888.
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