BUNDLE PAYMENT MODEL HEALTHCARE ECONOMICS:This paper is written in a team, it’s a 10 pages paper of...

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BUNDLE PAYMENT MODEL HEALTHCARE ECONOMICS:
This paper is written in a team, it’s a 10 pages paper of healthcare economics, each section is allotted to someone to write, my part is IIII, I think this part can be written without needing the rest of the paper, I will away the rest of parts as my team starts putting their share. Look at the highlighted section, this is what you are supposed to write about, one and half page should be good, provide legit references. You can use web or book but has to be valid. Make sure no grammar e
ors and this is masters level paper so no unprofessional writing please.
Paper Outline:
Intro – Background - What are bundled payments? – team memember 1
· One of several new payment alternatives in Medicare and Medicaid
· Designed to hold health providers accountable for the cost and quality of care
· Encourage and reward better healthcare value
· Single payment is made for all the services associated with an episode of care

Part I - Potential Advantages/Disadvantages -team member 2
Advantages:
· Gives providers strong incentives to keep their costs down
· Encourages collaboration across diverse providers and institutions
· Encourages the development and implementation of care pathways that follow evidence-based guidelines
Disadvantages:
· Bundles could inhibit certain types of care coordination, even as it encourages other types
· It can be complicated to define and track the type of care that should be included in the bundled payments
· Bundled payments could encourage destructive competition for patients with profitable bundles

Part II – Bundled Payment Models for Care Improvement (BPCI) Initiative – team member 3
CMS took the lead in developing several bundled payment models, such as the Medicare Bundled Payment for Care Improvement (BPCI) and Comprehensive Care for Joint Placement programs
· Bundled Payment Models for Care Improvement (BPCI) Initiative
· The program cu
ently reimburses participants for 48 different types of episodes of care, but this is expected to increase under MACRA.
· Providers can participate in four tracks of the BCPI (4 models)
· Comprehensive Care for Joint Placement programs

Part III – Bree Collaborative Bundled Payment Examples (maybe pick 2-3 and elaborate on how they have been effective?) – team member 4
· Bariatric
· Hip/Joint
· Lumbar
· Coronary Artery Bypass

Part IIII - How do providers succeed in the bundled payments model? – YOUR TASK!!
· Key successes
· Increasing provider communication
· Execute efficient care coordination strategies
Increasing provider communication
· Execute efficient care coordination strategies

Conclusion – Summary/Key Takeaways – Team member 6
· Wrap up

qfile_636870659203815210_124887_1.docx

Amar · Accepted Answer

Last Name: 	2
Name:
Professor: 
Course:
Date:
Title: Healthcare
Bundle Payment Model Healthcare Economics
Contents
Part III: How do Providers Succeed in Bundled Payments Model	3
Increasing Provider Communication	3
Executing Strategies of Effective Care Coordination	4
Anticipating the Extra Expenditure	4
Engaging Patients in Care Process	5
Role of Data Analytics in Bundled Payments Model	5
Family Members as Care Providers	5
Works Cited	6
Part III: How do Providers Succeed in Bundled Payments Model
The healthcare providers succeed in following and implementing the bundled payments model in multiple ways, which are ultimately beneficial for the service users majorly. Jackson et al. state that “The Patient Protection and Affordable Care Act (Public Law 111-148) has created several provisions and programs that link payments to quality outcomes, including establishment of the Center for Medicare and Medicaid Innovation (CMMI), to support the development of innovative models that achieve the “triple aim” (better care for patients, better health for our communities, and lowering the per capita costs of health care).” Bundled payment model, in the same manner, leads to the attainment of the triple aim. 
In this context, the ways, in which providers succeed in implementing bundled payments models discussed in the following sections.
Increasing Provider Communication
Under the typical model of bundled payment, the health care providers receive fixed and lump-sum payments for being divided at their discretion among various providers and facilities involved in the discrete event of care for the patients. Providers who participate in this model agree with payers over the target price to select the clinical conditions, usually adjusted to severity of said event. In setting the target price, the payers commonly seek for overall variations as well as mean pricing across historical payments with respect to all facets concerning the specific care for establishing the case rate.

BUNDLE PAYMENT MODEL HEALTHCARE ECONOMICS: This paper is written in a team, it’s a 10 pages paper of healthcare economics, each section is allotted to someone to write, my part is IIII, I think this...

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