The private healthcare provider is responding to provisions in the federal Affordable Care and Patient Protection Act, which calls for cost bundling in Medicare billing by 2014.
Baptist Health has already negotiated bundled payments with Florida Blue, formerly Blue Cross Blue Shield of Florida, and plans to make similar contracts with other private payors.
President and CEO Brian Keeley described the bundling effort as fixing a “fundamental flaw” in healthcare billing where “the incentive is to do more in providing care when less might suffice,” he said.
Mr. Keeley hopes the new pricing will make Baptist more cost competitive and bring savings to his organization.
More Articles on Healthcare Billing:
In Unprecedented Case, California Sues Physician Over Collection Practices
Report: Montana Hospitals Increase Community Benefits
Court Upholds 10-Year Sentence for Louisiana Cardiologist Who Billed for Unnecessary Procedures
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
