The Centers for Medicare & Medicaid Services (CMS) has been reimbursing hundreds of hospitals for joint replacement under a bundled payment model since last year. More evidence is being released concerning just how beneficial bundled payments can be for reducing healthcare costs.
Bundled payments are being considered for many different episodes of care with hospitals. The most notable bundled payment model is the joint replacement model created by the Centers for Medicare & Medicaid Services (CMS). But other models are generating interest as well – including a potential bundled payment model for maternity care.
Bundled payments are becoming not just the choice for payors, but for employers and the general public as well. A new survey from PricewaterhouseCoopers (PWC) shows just how essential it is for hospitals to get on board with this growing reimbursement trend.
A new Medicare initiative may make it easier for hospitals to avoid unnecessary admissions for patients from long-term care facilities. And it could also make the road ahead smoother for bundled payments.
The Centers for Medicare & Medicaid Services (CMS) will soon require many hospitals to receive bundled payments for total joint replacement surgery. New data from its pilot program shows why this trend will likely continue and expand to other procedures.
It’s official: The Centers for Medicare & Medicaid Services (CMS) has set a date for when bundled payments will begin for hip and knee replacements. The agency’s also released the new structure it’ll use for reimbursement – and there are quite a few changes from its initial proposal.