DePuy Synthes entered into a strategic alliance with Value Stream Partners to design, develop and implement a bundled payment program for hip and knee replacements.
The exclusive arrangement between DePuy Synthes and Value Stream Partners will be available to providers who want to bundle hip and knee replacements. As of April 1, 2016 CMS requires acute care hospitals in 67 regions to participate in the Comprehensive Care for Joint Replacement model, which compensates for the 90-day episode of care.
"There are great clinical and economic incentives for hospitals, physicians and post-acute care providers to put in place the processes, procedures and alignment strategies necessary to better coordinate care," said Juan-Jose Gonzalez, president of DePuy Synthes, U.S.
Value Stream Partners has a history of designing, implementing and administering bundled payment programs, aligning incentives for success.
DePuy Synthes Companies also offers DePuy Synthes Advantage, a program that includes 20 customized, measurable solutions for healthcare providers to achieve the Triple Aim in orthopedics. The solutions include professional education, instrumentation and training to improve efficiencies and measure performance.
"This exclusive arrangement with VSP will further enable us to help providers, healthcare systems and governments face new challenges in healthcare delivery and achieve the Triple Aim of improving clinical outcomes, increasing patient satisfaction and lowering overall costs," said Mr. Gonzales. "We're focused on innovation and offering total solutions that go beyond the implant and make a real difference both inside and outside the operating room."