In a recent editorial for Modern Healthcare, Merrill Goozner suggests that the recent expansion of the CMS bundled payment program will have multiple effects:
Moving to mandatory bundled payments in key service lines will force providers to develop the accounting systems they need. Indeed, true cost-accounting in healthcare is long overdue. It also will give hospitals and systems incentives to expand their care coordination infrastructure.
Goozner urges healthcare leaders to put their money where their mouths are, pointing out that they haven’t much choice:
If healthcare leaders’ commitment to value-based payment is real, why wait? As the movement to adopt quality indicators proved, the gap between good and poor performers narrowed considerably once the data on performance went public. Benchmarking against your peers is a powerful motivator. We can expect the same on bundled payments, because providers’ bottom lines are at stake.