BC Advantage - 2018 Issue 6

Three Ways Bundled Payments Can Be a Success

Bundled payment models continue to attract interest for their potential benefits over traditional fee-for-service payment models. With bundled payments, also known as episode-based payments or packaged pricing, a group of providers is reimbursed based on a contracted price to cover all of the care and services related to a particular episode of patient care. One example of an episode of care would be with a patient who undergoes surgery for a knee replacement and has no complications. Depending on the model used, the episode may be defined as beginning when the patient is admitted to the hospital for the...

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