Darien, Conn.-based Remedy Partners, a provider of episode of care solutions, found voluntary bundled payment models led to 7.7 percent savings for episodes of care under Medicare's Bundled Payments for Care Improvement.
Remedy Partners said the efficiencies represent cost savings of more than $120 million to the Medicare Trust Fund in 2017.
"Voluntary bundles have proven to be successful in saving the healthcare system money and improving patient care. As we move to more value-based care models that encourage efficiency and improvements in care quality, bundled payments will continue to play a central role," said Carolyn Magill, CEO of Remedy Partners.
Remedy's report follows CMS' decision to delay the implementation of cardiac care bundled payment efforts and expansion of the current Comprehensive Care for Joint Replacement model.