Paradigm Shift: Bundled Payments and the Future of Reimbursement
Between 2000 and 2010, national health expenditures increased by nearly 75% in the United States. In the face of historic budget deficits, the federal government is examining ways to bend the healthcare cost curve while ensuring quality care to patients. The Affordable Care Act created the Center for Medicare and Medicaid Innovation to develop, evaluate and promote innovative payment and service delivery models that will improve the quality of care while lowering overall costs.
In 2009, CMS launched the Acute Care Episode (ACE) Demonstration. In August 2011, the Innovation Center introduced the Bundled Payments for Care Improvement Initiative which is focused on four broadly defined models of care, three of which would involve a retrospective bundled payment arrangement for a defined episode of care and one which would be paid prospectively. Bundled payments have been shown to align incentives for providers-hospitals, post acute providers, doctors and other practitioners-to partner closely across specialties and settings to improve patient care during the inpatient stay and during post-discharge recovery. Private payors, employers and providers are also entering into bundled payments arrangements.
FRIDAY, APRIL 20, 2012
Waller Lansden Conference Center
511 Union Street
Nashville, TN 37219
7:30 - 8:00 AM
8:00 - 9:30 AM