Advertisements

Knee and hip bundled-payment challenge is about to start

172595378The average total cost to replace worn hips or knees in Tuscaloosa, Ala., can top $31,780—one of the highest prices across dozens of U.S. metropolitan areas, including Los Angeles and Seattle, where just about everything else costs more.

Starting April 1, the clock starts ticking for Tuscaloosa’s hospitals to lower their price for new hips and knees or lose money.

The western Alabama city is one of 67 markets where Medicare will for three months combine all the costs for joint-replacement surgery and any associated care into a single payment, what federal officials call a “target price” or “bundled payment.”

Hospitals that hold costs below that amount can keep the difference. Hospitals that don’t must repay the government. The model isn’t new to Medicare, but so far its experiments with bundles have been voluntary. The effort that begins next month—which will run for five years—is the first to be mandatory and is projected to save Medicare $343 million.

READ THE REST HERE

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Materialise Medical Blog

behind the scenes of 3D printing

CB Insights - Blog

Discovering, compiling and sharing orthopedic and medical technology news on a daily basis.

My Knee Your Knee

Knee Replacement Surgery on a Knee Replacement Surgeon

TEDMED Blog

Discovering, compiling and sharing orthopedic and medical technology news on a daily basis.

KevinMD.com

Discovering, compiling and sharing orthopedic and medical technology news on a daily basis.

Page Array – Rock Health

Discovering, compiling and sharing orthopedic and medical technology news on a daily basis.

mobihealthnews

mobihealthnews - the daily mHealth industry monitor. Subscribe for our free weekly e-newsletter!

TechCrunch

Startup and Technology News

Sports Medicine Weekly

Brought to You by Dr. Brian Cole & Steve Kashul

OrthoBuzz

Keeping you up-to-date with orthopaedic news

%d bloggers like this: