Westchester, Ill.-based Regent Surgical Health outlined three elements essential to establishing a bundled payment program in ASCs on their blog.
Here are the key details to know:
1. Close the knowledge gap. Educating staff on the process of moving from free-to-service to value-based payment systems, which includes topics such as physician, facility and anesthesia costs, pricing data, care pathways and more.
2. Work with a bundle partner. ASCs can work with a partner with experience in bundles to learn how to integrate them into their practices.
3. Benefits of bundled programs. Bundled payments offer ASCs opportunities for patient experience improvements and cost savings for high-cost and high-volume procedures.