A recent article by ECG Management Consultants reviews four key national trends consumers will see in the bundled payment commercial market this year.
Editor's Note: This article originally appeared on ECG's website.
As the healthcare industry continues to embrace alternative payment models, bundled payments are rising to the top. In fact, in a recent study by Change Healthcare, commercial payers reported that 20% of their total business is currently aligned with a bundled payment. That number is expected to rise to 23% by 2021 as more payers and providers build out the infrastructure needed to successfully implement a bundled payment.
In November of last year, CMS announced its commitment to bundled payments as an effective value-based payment model as well as its plans to launch new mandatory and voluntary programs in the near future. Commercial insurers—who have historically followed CMS’s lead—also continue to embrace bundled payments at an accelerated pace. Payers and providers are engaging in activities to determine the best way to bring this “episode of care” model to market. Based on these activities, we have highlighted four key national trends you will see in the bundled payment commercial market in 2019. Click here to continue>>
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