The Charlotte, N.C.-based Premier Healthcare Alliance has added seven new members to its Bundled Payment Collaborative, which now includes 17 healthcare provider systems with more than 45 hospitals across the country.
With a focus on episode-based care, Premier’s Bundled Payment Collaborative was launched in July 2012 to help providers develop, implement and succeed in using bundled payment arrangements in both public and private markets. The following new members will work together and with other members of the collaborative:
- Adventist Health, Roseville, Calif.
- Centra Health Inc., Lynchburg, Va.
- El Camino Hospital, Mountain View, Calif.
- Regional Health, Rapid City, S.D.
- Regional Medical Center, Orangeburg, S.C.
- Rockford Memorial Hospital, Rockford, Ill.
- Southwest General Health Center, Middleburg Heights, Ohio
Reports say that bundled payment care models are projected to save $2.4 billion nationwide over the next five years. Bundled payment models allow providers to bid as a team to provide a continuum of services for a predetermined target amount to include physician payment, nursing-home care, surgery and other care, most commonly for treatments such as heart, colon and spinal surgery, as well as hip and knee replacements. Premier’s Bundled Payment Collaborative serves as a convener, providing ongoing analysis, assessment, technical assistance, education and knowledge sharing to those interested in designing a bundled payment program, its officials say.
Members of the collaborative focus on improving care and reducing costs across multiple episodes of care, including hip/knee joint replacement, lumbar spine fusion, coronary artery bypass grafts, heart valve replacement, congestive heart failure, percutaneous coronary intervention, and colon resection.
“Last year, Premier helped us design our bundled payment program to include care redesign analytics around the post-acute environment, risk track evaluation, gainsharing model design, and implementation planning,” Tammy Duvendack, vice president of care transformation at UnityPoint Methodist in Peoria, Ill., a Bundled Payment Collaborative member, said in a statement. “With years of experience and data from its other healthcare improvement collaboratives, Premier helped support our efforts to go live in the Centers for Medicare & Medicaid Services Bundled Payments for Care Improvement initiative.”
Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.