Deidre Baggot: Adoption of Bundled Payments Can Results in Great Financial Rewards in the Healthcare Sector
In line with the Affordable Care Act (ACA), CMS announced that about 500 healthcare entities would take part in the Bundled Payments for Care Improvement (BPCI) program starting in spring 2013. Prepared or not, the enactment of the ACA has introduced cutting-edge methods like bundled payments that allow CMS to shift from conventional fee-for-service that CMS says has promoted over-utilization. As from 2008, about a half of the nation has embraced some type of bundling, courtesy of the Medicare Acute Care Episode (ACE) Bundled Payment Initiative. The growing evidence showing that bundled payments can attain Triple Aim is one of the main reasons why 2013 will experience uninterrupted interest in this payment methodology, especially in the private sector. Learn more about Deirdre Baggot at worldcongress.com
Although the context may be solely about payment reform, Deirdre Baggot feels that amendments of reimbursement policy will trigger care delivery reform. Commercial payers are following the CMS’ lead by showing elevated preference of bundling payments to providers as a way of minimizing costs, especially in the areas of unnecessary readmissions and post-acute care. These types of risk-based reimbursement cause unprecedented pressure on hospitals and healthcare providers to blend in across the enterprise. While organizations may not be prepared for population risk, a minor test like bundles may be a feasible strategy for achieving full risk for the entire population. Healthcare entities that use groundbreaking care delivery models coupled with a careful selection of incentives that best inspire physicians will flourish in the evolving healthcare sector.
Who is Deirdre Baggot?
Deirdre Baggot is one of the authorities in the healthcare sector, especially when it comes to the topic of bundled payments. Leveraging her experience as a hospital executive and clinician, Deidre Baggot has developed and implemented innovative payment models with Commercial Payers, Employers, Medicaid, and Medicare in more than 200 hospitals. Deidre has achieved impeccable results regarding lowering costs, enhancing quality, and enhancing patient experience through care model transformation. She has authored over 20 papers on a wide range of topics, including bundled payments, payment transformation, and healthcare reform.