Accountable care organizations (ACOs) that started in 2012 – the first year of the Medicare Shared Savings Program (MSSP) – decreased their post-acute care spending by a 9 percent differential reduction in two years without compromising care quality. In dollars, that 9 percent comes to $106 per beneficiary. That’s the finding of a recent JAMA Internal […]
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The shift away from fee-for-service toward value-based care is fully underway, and the reason for this move is clear. Healthcare costs are skyrocketing. Currently, healthcare represents almost 20 percent of the gross domestic product (GDP), and those costs are growing faster than the economy can keep up. The biggest steps toward curtailing healthcare expenses including […]
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The Centers for Medicare & Medicaid Services (CMS) recently launched its newest bundled payment model, the voluntary Bundled Payments for Care Improvement (BPCI) Advanced, and they are doing something unique in the healthcare industry – pleasing both clinicians and management. “Volunteer bundles are a very attractive proposition for providers and health systems to generate outside […]
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Hospitals that use a preferred network of post-acute care facilities reduce their readmission rates four times faster than hospitals that don’t. A recent study has found that these providers were able to cut readmission rates from nursing homes by 6.1 percent between 2009 and 2013. Hospitals that did not have a network saw only a […]
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Voluntary Bundles Are Going to Be One Of Many Valuable Tools With all the rhetoric in Congress about repealing and replacing The Affordable Care Act, it can often get lost in the shuffle that leadership remains committed to value-based care. For example, while mandatory healthcare bundles seem to be dead – healthcare professionals are actively […]
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MACRA is coming. The Medicare Access and CHIP Reauthorization Act (MACRA) was signed into law on April 16, 2015. It’s a pay-for-performance program that focuses on quality, value, and accountability by rewarding healthcare providers for improving their patient’s overall health. Health and Human Services has stated that its goal is to tie 90 percent of […]
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