Bundled payments become mandatory in 2023
Reducing risk, controlling costs, and improving outcomes can be accomplished effectively in-house. Simply put, providers need the tools and support to make timely data-driven care decisions and prepare for upcoming changes to bundled payments models.
The adoption of value-based care models is accelerating. Get the support you need to succeed. Here’s how to thrive in the value-based care and bundled payments arena and be prepped for success when required in 2023.
Get the tools you need
Early entry in bundled payment programs allows participants the opportunity to learn how to effectively manage episodes of care before the Centers for Medicare and Medicaid Services (CMS) makes the model mandatory in 2023. However, recently announced changes to the model, including changes to episode target pricing and the requirement to select episodes by entire service line rather than individual episode, will necessitate providers to reassess their bundled payment strategies. The deployment of robust data analytic tools will be essential to navigate these new changes and ensure long-term success in the program.
To confidently handle the upcoming changes to bundled payment models, providers will need a comprehensive understanding of their financial analytics, service line performance, risk/reward methodologies, and post-acute network management. Providers cannot afford to overlook the revenue potential and patient care improvement that can be achieved through a proactive and strategic approach to a value-based care adoption. This may appear daunting, but there are tools to help.
Pagati can help
Pagati’s post-acute SaaS (software as a service) platform provides hospitals, providers, and accountable care organizations with the data analytic tools and performance benchmarks necessary for advanced payment model success. Built strongly off the needs of healthcare providers and what they found most valuable, the management platform assists providers seamlessly in being efficient and cutting unneeded costs.
Contact Pagati today to explore all it can offer.