News | Business | October 12, 2017

Survey Examines Impact of Bundled Payments Ahead of Expected New CMS Programs

Industry survey explores healthcare professionals’ perceptions of bundled payments; 75 percent say they improve quality of care regardless of cost

Survey Examines Impact of Bundled Payments Ahead of Expected New CMS Programs

October 12, 2017 — According to a recent survey, participation in bundled payments has improved the quality of care, and anticipation and preparation for new programs remains high. The survey — conducted by Archway Health, a Boston-based firm specializing in managing bundled payments programs — assessed the perceptions and efficacy of bundled payments ahead of the expected announcement of a new bundled payments program from the Centers for Medicare and Medicaid Services (CMS).

The survey results are based on responses from 70 participants across the United States. The participants, which included executives, administrators and clinicians, represented the continuum of healthcare from hospitals, specialty care, post-acute facilities and home healthcare.

Key findings from Archway’s survey indicate the impact of bundled payments:

  • Seventy-five percent of respondents say involvement in these programs has improved quality of care, whether it lowered costs or not;
  • Sixty-three percent of respondents say bundled payments has both improved quality and lowered cost; and
  • The most prominent reason for not participating in bundled payments was the potential administrative burden. No respondents cited a limited return on investment as a reason for not participating.

“It was great to get such a strong and positive response that confirms what we’re seeing with our provider partners – bundled payments work,” said Dave Terry, founder and CEO of Archway Health. “Bundled payments will continue to play a major role in healthcare as we move from volume to value, especially as we move toward models that encourage efficiency and improvements in care quality.”

Other findings from the survey indicate healthcare professionals’ attitudes towards bundled payments:

  • As CMS is expected to release a second generation of Bundled Payments for Care Improvement (BPCI), 75 percent of respondents are “definitely” or “probably” planning to participate; and
  • When it comes to bundled payments, 25 percent of healthcare professionals say they are “100 percent ready” to implement them, while 56 percent are “getting prepared” or “just started the process” with more to do.

“It’s great to see that healthcare professionals want to participate in bundled payments and are actively preparing to do so,” said Keely Macmillan, general manager of BPCI for Archway Health. “Bundled payments offer clinicians and healthcare professionals the opportunity to take control of the entire care process and ensure patients achieve the best outcomes in a cost-efficient manner.”

For more information: www.archwayhealth.com

Related Content on Bundled Payments

CMS to Cancel Mandatory Cardiac Bundled Payments and Joint Replacement Payment Model

Radiology is Not Business as Usual

 

Related Content

ASTRO: CMS Report on Radiation Therapy Payment Model Charts Path to Value-Based Cancer Care
News | Radiation Therapy | November 08, 2017
The American Society for Radiation Oncology (ASTRO) called on the Centers for Medicare and Medicaid Services (CMS) to...
U.S. Recognizes Radiologic Technologists Nov. 5-11
News | Imaging | November 06, 2017
November 6, 2017 — During National Radiologic Technology Week (NRTW) every November, hospitals, healthcare centers an
Along with determining how to be successful when transitioning to new, value-based models, radiologists must look for new ways to better engage their health systems in order to further improve patient outcomes while decreasing cost
Feature | Business | November 06, 2017 | By Pat Free
To understand the issues facing radiologists, it is important to identify the changes over the past decade that have...
HIMSS Merges With Disruptive Women in Health Care Community
News | Information Technology | November 03, 2017
November 3, 2017 — The Healthcare Information and Management Systems Society (HIMSS) recently welcomed the organizati
As healthcare facilities move to value-based care, they need to be able to rely on their healthcare technology partner
Feature | Business | October 04, 2017 | By Jose Conceicao
In an era of population health consciousness and uncertainty regarding regulations, healthcare facilities need to be
Medicaid Expansion Increased Coverage for Uninsured Cancer Patients
News | Radiation Therapy | September 27, 2017
September 27, 2017 — A new study finds Medicaid expansion enacted as part of the Patient Protection and Affordable Ca
MedInformatix Developing Billing Solution for Northern California's Largest Radiology Group
News | PACS | September 25, 2017
September 25, 2017 — Bay Medical Management and its radiology services provider Bay Imaging Consultants have chosen M
News | Business | September 19, 2017
September 19, 2017 — Invicro LLC, a provider of imaging services and software for research and drug development, anno
News | Imaging | September 18, 2017
Mary Washington Hospital and Union Health-Union Hospital will both receive Safety FiRsT grants to implement safety...
Overlay Init