As hospitals restructure their delivery models to accommodate value-based reimbursement, they will need to prepare for bundled payments, or payments that cover entire episodes of care.
The successful implementation of bundled payments requires both time and financial investments among all providers who care for patients eligible for such programs, such as the Bundled Payments for Care Improvement Initiative or the Comprehensive Care for Joint Replacement Model.
The entire care team — physicians, nurses, social workers and hospital administrators — must work together to define and coordinate care pathways, systems for ensuring accountability for outcomes and spending, and mitigate risk for readmissions and complications.
Hospitals that are successful at bundled payments see enhanced financial viability and, most importantly, better care and outcomes for patients.
To learn more about bundled payments, their impact on the care team and hospital reimbursement, as well as seven key strategies for success, register for this Oct. 11 webinar sponsored by Pacira Pharmaceuticals and hosted by Becker's Hospital Review.