Bundled payment for medicals services was an idea that was created with the intention of reducing the general cost of health care services. In the recent past, The Centers for Medicine and Medicaid Innovation announced the expansion of bundled payment pilots, a sign that indicates the end of the physician’s fee for service era. With all the perks that come with this new form of Medicare, its success depends entirely on the amount of commitment that the parties involved will approach the subject. BPs also comes with several facts that are mandatory to face. View at ideamensch.com to know more.
In the words of Ms. Deirdre Baggot Ph.D., this new form of medical care ensures that the physicians only offer the services that are required by the patient at the time. There is always the tendency of physicians to offer extra medical care to the patients some of which might be deemed unnecessary. Such occurrences lead to a higher fee for service which is consequently just as unnecessary. Bundled payments reduce these tendencies since the payments are fixed and any extra care will not be compensated money wise. As a result, physicians are now able to focus all of their efforts to the needs of the patient. This ensures discipline and efficiency in the service that physicians will offer their patients.
Bundled payments are also a path that leads to the realization of what real accountability looks like. This idea is entirely based on evidence based health care. When it is fully implemented into a clinic, all physicians within the institution will be able to tell the true value of their competence as physicians. This is through the feedback that they are now able to get for their service. In the long run, physicians will be able to work with clear objectives and direction hence increasing their competency.
On the matters of BP, Ms. Deirdre Baggot is one of the most recognized voices. Baggot was the vice president with The Camden Group, which is a health care consulting firm in El Segundo, Calif for six years. Before that, she had spent ten years serving in academic health care, in Northwestern Memorial Hospital and later on in the University of Michigan Health System. Baggot is also the author of over twenty papers on Bundled Payments, hence her exposure and experience on this matter. Learn more : https://vimeo.com/101082351