As federal policymakers continue to accelerate payment reform, the industry is seeing more hospitals, nursing homes and other healthcare providers dip a toe into Medicare's bundled payments initiative.
Launched in 2013 under the Patient Protection and Affordable Care Act, the bundled payment initiative aims to guide the transition from fee-for-service systems of reimbursement to value-based pay in an effort to reduce spending waste and unnecessary tests and procedures. Under a system of bundled payments, healthcare providers agree to assume the risk of providing all of the care a patient needs during an episode of care for a set price.
When approaching bundled payments, hospital and health system leaders are likely wondering, "Where do we start?" or "How do we design our bundled payments programs to ensure they are successful?" Implementing bundled payments is a particularly challenging step for providers as they seek to enhance care quality at lower costs, but with guidance from experts, healthcare organizations can become better equipped to manage the change.
In a June 16 webinar sponsored by xG Health, industry experts Ray Herschman, president and COO of xG Health, Francois de Brantes, executive director of HCI3, and Kathryn Hayes-Hallowell, principal of bundled payments at xG Health, will discuss how care redesign and financial success intersect under bundled payment arrangements. Specifically, they will provide guidance on how to align economic, clinical quality and patient experience objectives among payers and providers, as well as how to determine what organizations can take on internally and when it is best to engage a third-party expert.
To register for the webinar, click here.