University Hospitals launches bundled payment program with Walmart

Walmart has contracted with University Hospitals Cleveland Medical Center for a bundled payment program for joint replacement procedures and orthopedic care for Walmart employees and their families.

Advertisement

Under the agreement, Walmart health plan enrollees will receive 100 percent coverage for joint replacement surgery at UH Cleveland Medical Center, along with any travel or lodging costs.

“The partnership between UH and Walmart focuses on quality care and value for the patient,” said UH CEO Tom Zenty in a press release. “I applaud Walmart for giving its employees access to the very best care while keeping affordability in mind.”

UH Cleveland Medical Center will review patients’ medical records, use a team approach to develop a treatment plan, provide patient and caregiver education on treatment expectations, manage patients’ transition home and collaborate with local physicians.

Self-insured companies are increasingly contracting directly with providers for specialty care and treatment to trim costs and help improve outcomes. In addition to UH Medical Center, Walmart has 10 other joint replacement Centers of Excellence across the nation, according to Crain’s Cleveland Business.

More articles on healthcare finance:

Anthem’s new imaging policy likely to hit hospitals’ profits
Texas hospital considers bankruptcy as debt mounts
Wisconsin hospital’s Medicare contract in jeopardy after third CMS survey reveals deficiencies

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.