While the concept of a bundled payment is deceptively straightforward, first movers in the practice and ASC market have found that moving from concept to execution is incredibly complex. For ASCs that effectively manage expenses, the concept has the potential to drive patient volume through partnerships with both payers and self-insured businesses.
Bundled payment will be
of all medical payment types by 2023.
Benefits of a Bundled Payment include:
Reduction in Unnecessary Surgeries
Clinical protocols to ensure appropriateness of surgery, and steer appropriate patients to less costly alternatives.
Clinical pathways designed with patient to ensure appropriate patients are receiving care at the lowest cost site of service, and not receiving unnecessary or redundant care.
A technology-based care coordinated clinical pathway that facilitates communication across providers proven to increase compliance and reduce readmissions.
Care Coordinated Pathways
Dedicated care navigators to manage the patient experience and education, and improve communication between providers and the patient.
Better Patient Experience
Care coordinated pathways and technology-enabled communication platforms have been proven to improve patient satisfaction, increase patient compliance, and reduce readmissions.
“Regent’s Chris Bishop, Dave Moody and Chris Stine are working with us and with payers on next frontier management strategies, on things like payment bundling. They’ve been a very big support system for us, and the Regent clinical team is always available if we have questions.” — Kathy Horowitz, Administrator, The Center for Specialized Surgery at Ft. Myers