RCM Answers: 7 Tips to Help Jumpstart the Bundled Payment Bandwagon
Bundled payments programs have been lauded as primary component in a more modern approach to delivering higher quality, more efficient and cost-effective health care. And, while this model might not be the definitive answer, it certainly has the potential to be a significant step in the right direction.
But, despite the CMS mandate for Comprehensive Joint Replacements (CJR), some providers and payers remain hesitant to get onboard, perhaps out of fear—fear of change in general, the data challenge or the transparency of quality metrics. However, the benefits of a bundled payment network far exceed the challenges, including the opportunity to dramatically increase market share and earn bonuses for high-quality care delivered at low cost.
For hospitals looking to accelerate deployment of a bundled payment program, here are 7 tips to help convince network partners to get onboard the bundled payment bandwagon: