April 23, 2019|
Source: Physicians News Network
According to Centers for Medicare and Medicaid Services (CMS), the total cost of U.S. healthcare is approaching 18% of GDP, or $3.5 trillion. Modifying the healthcare delivery system will provide a positive impact on the U.S. economy, as well as on businesses and individual consumers, who will benefit greatly from a transparent, value-based healthcare system. … (continue reading)
February 27, 2019|
Source: PR Newswire
Municipalities Colleges Schools Insurance Group (MCSIG) announced today it saved more than $7,000,000 through the Global 1 (G1) bundled payment network for surgical procedures. The total savings to MCSIG during this period was $7,121,250. The all-inclusive bundled payment includes the physicians and facility fees for an episode of care. The cases were performed … (continue reading)
Source: Skilled Nursing News
A key mandatory bundled payment program saved the government money almost entirely through the reduction of skilled nursing facility reimbursements, a new study from researchers at Harvard University concluded. . . (continue reading)
MONTEREY, CA (October 4, 2017)
Monterey Peninsula Surgery Center (MPSC) was selected as the Ambulatory Surgery Center (ASC) of the Year in 2017 from a pool of 800 ASCs by the California Ambulatory Surgery Association (CASA). The CASA state association Board established the Award to recognize the ASC that truly exemplifies “best practices” in the field of outpatient surgery… (continue reading)
Are Bundled Payments Good for Surgery?
It’s easy to see why bundled payments appeal to payers and employers. The popular value-based model that pays providers a flat price for all of the care they’ll deliver before, during and 90 days after surgery reduces spending and improves patient outcomes. But are bundled payments a good deal for surgeons and surgical facilities? That depends on how well you negotiate the bundled payment and, as you can see in the table below, how much distance you put between your set fees and your variable costs. Either way, as the push continues to pay for surgery on the basis of quality over quantity, bundled payments have emerged as an increasingly popular model — especially in orthopedics.
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