Follow on Google News News By Tag Industry News News By Place Country(s) Industry News
Follow on Google News | Regent Surgical Health's New eBook Provides a Blueprint for Bundled PaymentsWith a bundled payment, providers are paid a single payment for all the services performed to treat a patient undergoing a specific episode of care. For ASCs, bundled payments are increasingly being negotiated for regularly performed surgical procedures. "Providers and payers are beginning to recognize the opportunity bundled payments offer to greatly reduce the cost of certain high volume, high cost procedures like total joint replacements and spinal fusions," says Chris Stine, Director of Bundled Payments & Corporate Compliance Officer. "These procedures offer some of the greatest opportunities for savings for the healthcare system." CEO Chris Bishop adds: "As the shift continues towards value-based reimbursement, providers are realizing the value of the bundled payment for the population of patients in the middle of the pack in terms of projected needs and costs. For ASCs that effectively manage expenses, the concept has potential to drive patient volume through partnerships with both payers and self-insured businesses." Regent's new eBook outlines what's involved in the complex process of creating a bundle, suggesting that a successful bundle requires regulatory knowledge; pricing data from all potential providers; options regarding care pathways; an in-depth understanding of participating surgeons care pathways; opportunities for improvement; The eBook explains success with bundled payments requires a mindset of innovation and willingness to ignore old ways of practicing in order to conceptualize an entirely new process. "Structuring the bundle to ensure every partner is aligned and executes is the biggest challenge," Stine adds. "Value-based- Finally, in order to execute bundled payments well given their complexity, a rigorous process and a willingness to do extensive leg work up front are required. To get to speed quickly, critical information is essential: who is involved, who is controlling the bundle, how will patient progress be tracked, what are the expected savings and more. Providers must gather this information BEFORE contacting a payer. The bundle partnership needs to clearly articulate the total value proposition to get the chance to move forward and remain in the driver's seat. Regent's eBook is available for download here, (https://regentsurgicalhealth.com/ About Regent Surgical Health Regent Surgical Health is among the nation's leading surgery center management and development companies, and the most experienced company offering physician/hospital ASC joint venture partnerships. The company owns or operates 23 U.S. surgical facilities, 18 hospital joint ventures, and nine total joint replacement centers, and has an unmatched record for delivering sustainable profitability. The company invests capital side-by-side with hospital and physician partners, and firmly believes the by-product of excellent care and efficiency is financial success. End
Account Email Address Account Phone Number Disclaimer Report Abuse Page Updated Last on: Mar 28, 2019
|
|