The Premier Healthcare Alliance has launched a bundled payment program to offer hospitals ongoing analysis, assessment and technical assistance to help in implementing bundled payment arrangements.
Fifty hospitals across 18 states are participating in Premier's Bundled Payment Collaborative. Premier is offering participating hospitals analysis of their Medicare Part A and B data and cost reduction data by Medicare Severity-Diagnosis Related Groups, as well as "dashboard" applications intended to help with the hospitals' gain sharing model and bundled payment program management.
Participating hospitals are sharing best practices and data with members of the collaborative to focus on improving care and cutting cost for six specific episodes of care, including hip and knee joint replacements, lumbar spine fusions, coronary artery bypass grafts, heart valve replacements, percutaneous coronary intervention and colon resections. The episodes of care were chosen based on Premier's analysis of Medicare Part A and B files by hospitals that showed areas of potential opportunity.
Members of the Premier collaborative are focusing on the second model of CMS' Bundled Payments for Care Improvement initiative, in which hospitals and post-acute care services are initially paid normal fee-for-service payments. Those payments are then retrospectively reconciled against a predetermined target for all services included. Participants can share gains resulting from more efficient care through the CMS initiative, and the Premier Bundled Payment Collaborative is an effort to help hospitals do that.
"This program is based on a decade's worth of experiences and lessons learned through our collaboratives that have shown substantial cost and quality improvements," Wes Champion, senior vice president of Premier Performance Partners, said in a statement.
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Fifty hospitals across 18 states are participating in Premier's Bundled Payment Collaborative. Premier is offering participating hospitals analysis of their Medicare Part A and B data and cost reduction data by Medicare Severity-Diagnosis Related Groups, as well as "dashboard" applications intended to help with the hospitals' gain sharing model and bundled payment program management.
Participating hospitals are sharing best practices and data with members of the collaborative to focus on improving care and cutting cost for six specific episodes of care, including hip and knee joint replacements, lumbar spine fusions, coronary artery bypass grafts, heart valve replacements, percutaneous coronary intervention and colon resections. The episodes of care were chosen based on Premier's analysis of Medicare Part A and B files by hospitals that showed areas of potential opportunity.
Members of the Premier collaborative are focusing on the second model of CMS' Bundled Payments for Care Improvement initiative, in which hospitals and post-acute care services are initially paid normal fee-for-service payments. Those payments are then retrospectively reconciled against a predetermined target for all services included. Participants can share gains resulting from more efficient care through the CMS initiative, and the Premier Bundled Payment Collaborative is an effort to help hospitals do that.
"This program is based on a decade's worth of experiences and lessons learned through our collaboratives that have shown substantial cost and quality improvements," Wes Champion, senior vice president of Premier Performance Partners, said in a statement.
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