Hospitals Brace for New Medicare Payment Rules

BN-NI609_BUNDLE_P_20160331131130Starting Friday, sweeping changes in Medicare payments could affect nearly 800 U.S. hospitals’ bottom lines, but not everyone is ready for the switch.

The new rules will hold hospitals accountable for all the costs of hip and knee replacements for 90 days. If patients recover and go home quickly, hospitals could reap savings. If patients have complications or need lengthy stays in a rehab facility, hospitals could owe Medicare instead.

The so-called bundled-payment initiative is the first mandatory program under the Obama administration’s plan to shift at least 50% of Medicare spending to alternative-payment models by 2018.

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About Peter Coffaro 1087 Articles
A growth-driven and strategic executive, Peter Coffaro commands more than 20 years of progressive management success within the medical device industry. As a District Sales Manager for Stryker Orthopaedics, Peter was responsible for managing and directing a regional sales force to achieve sales and profit goals within the Rocky Mountain region. Previously, he was the Director of Sales & Marketing for Amp Orthopedics. In this role, Peter was responsible for planning, developing, and leading all sales and marketing initiatives. Peter is a former orthopedic distributor in the Pacific Northwest. He has also worked with DePuy Orthopaedics as well as Zimmer, and held positions in sales, sales training, and sales management. Peter has an extensive background in organizational development, business development, sales management, negotiating and P&L management. Peter holds a B.S. degree in Biology from Northern Illinois University.

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