The national expansion of bundled payment (BP) was recently announced by the Center for Medicare and Medicaid Innovation will put to an end the fee paid to physicians with the largest insurer in the country. Healthcare and Medicare go hand in hand, and the commercial players in the field follow them. The bundled payment needs to be understood by the healthcare companies, and listed below are facts about the bundled payment.
Deliver everything the patients’ needs and nothing they don’t: most medical practitioners, as well as facilities, find it hard to give their patients what they want because they are tied in between their practice as well as the patient’s needs. The bundled payment will offer the drift essential to commit to developing around giving their patients what they don’t need. Physicians and the hospitals will share the savings which come from specific care. Learn more about Dairdre Baggot at Crunchbase.
Manage Change: to change the management of the bundle payment leadership competence will be required. Through accomplishment and error leaders will positively affect the expansion of the bundled payment.
Knowledge of no volume play: market exclusivity is not available in the bundled payment which is provided by the Center for Medicare and Medicaid. This means that the financial results can be a disaster if the Bundle payment does not lower the cost of care.
Know real accountability: health payment is evidence of health reform. The success of the payment will be seen when clinicians fail to adhere to the best practice as required.
Deirdre Baggot is the Vice President of Camden Group. She is primarily recognized for his expertise in bundled payment. The Center for Medicare and Medicaid appointed Ms. Baggot in 2012 to be an expert reviewer of Bundle Payment for the improvement of medical care for model 2 through 4. Deirdre Baggot has served in the pharmaceutical industry, and before she was appointed the Vice President of Camden Group, she served at Cardiac and Vascular Institute at Exempla Saint Joseph in Denver, Colorado as an administration. Ms. Baggot is a graduate of South Illinois University with a degree in nursing, and a certificate in Health Care Executive Leadership from Pennsylvania University, Wharton School. She wanted to gain more knowledge that is why she joined the University of Colorado where she graduated with Masters in Nursing as well as Loyola University Graduate School of Business, Los Angles where she graduated with a Masters Degree in Business.