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Wednesday, April 17, 2013
Providers Are Preparing for Bundled Payments
This article from Hospital & Health Networks provides a summary of the issues surrounding the implementation of a bundled payment program including insights from a variety of specific health markets. Among the considerations hospitals and other providers must analyze when designing and testing bundled payments are: alignment of financial incentives, the need for and importance of data, and the importance of recognizing bundled payments require culture change. Also included are references to resources to be used in preparing for bundled payments, including materials created by the Health Care Incentives Improvement Institute (HCI3), and organization closely aligned with NBCH. In addition, Booz & Co. has published a white paper describing the consumer perspective on bundled payments.
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