The federal government is pushing bundled payments--and in April it will implement a program for hip and knee replacements that it estimates will save Medicare as much as $343 million over the next five years. But what does this mean for hospitals?
While bundled payments can improve quality and lower costs, many providers are reluctant to participate in these initiatives as their financial risk grows. And a recent analysis indicates that some of the Centers for Medicare & Medicaid Services initiatives have had mixed results when it comes to cost cutting.
Potential topics may include:
- Current federal initiatives and future plans
- Financial and operational challenges
- Survival strategies for the transition from volume-based to value-based reimbursement