Bundled Payments: An Opportunity Worth Pursuing?
An HFMA Compendium
Bundled payments--in which healthcare providers receive a single payment for a defined set of services related to an episode of care--are designed to improve coordination of care among providers, producing higher quality outcomes at a lower cost. Bundled payments are a potentially more flexible, more easily implemented alternative to accountable care organizations. With the release of the Centers for Medicare & Medicaid Services (CMS) Innovation Center's request for applications for bundled payment proposals from hospitals and other healthcare providers, bundled payments are getting much attention. But are they an opportunity worth pursuing?
This HFMA Compendium brings together a group of recent articles from HFMA publications exploring potential benefits and risks in bundled payments, as well as strategies and tips for organizations that decide to pursue bundled payment opportunities. Whether or not your organization is planning to participate in the new CMS initiative, gaining an understanding of the issues involved in bundled payment can help your prepare for changes in the payment system that are likely to accelerate in coming years.
Publication Date: Friday, September 30, 2011