Healthcare and the cost thereof in the United States has long plagued the everyday consumer and at times those who are financially responsible for strategizing the next wave of providing care in the most effective and efficient manner. Economist, healthcare financial professionals, elective governmental officials, providers and grassroots movements have all tried their hands at managing the skyrocketing cost of healthcare. One of the governmental approaches has been bundled payments that began in January 2013 with the Centers for Medicare and Medicaid Services (CMS). The program was designed to allow providers and facilities to partner to increase the delivery and quality of care patients receive, all while reducing the overall cost to provide this same care. Embedded within are several options to achieve these outcomes. Some of these are derived and supported by an effective EMR/EHR system, performing the lowest level of test require and able to produce both a diagnosis and develop a treatment plan, a hierarchy for imaging services, clinical and social navigators to direct and follow up on services needed while providing referrals and post discharge callbacks to ensure compliance. There are also financial incentives associated with the reduce delivery of care overall cost.
Once could say that this concept is modeled from the
insurance industry surrounding risk pool. There those who will need regular
services (aged population) and those who will pay into the program but will not
require services and if so, not often. A prime example of this would be a
patient complaining of knee pain, an MRI can reveal some of the same outcomes a
CT scan could. If the diagnosis is arthritis, both scans would reveal the same
outcomes. Therefore the MRI is done first because it is the lowest level of
image, thereby reducing the cost of overall services. Because there is a
$3,000.00 difference, the provider would not be eligible for additional
compensation based on the bundled payment allowances. Another example is that
hospitals and healthcare providers determine a flat fee the provide will be
paid for performing designated services and the hospital bills for
reimbursement. The provider would be paid the facility and not bill the
insurance.
While the bundled payment approach is a viable program, it does not go without the need for check and balances. The readmission process was tied to the program to ensure that quality care is being provided. Depending on the diagnosis, the readmission time frame ranges from 30 to 45 days for non-life threatening conditions and diagnosis. The lines of communications must remain open between CMS, facilities and providers to ensure the effectiveness of the program.