Despite the fact that 50% of payments to health care providers are value-oriented today, we are still seeing adoption of bundled payment stalled. Given that bundled payment has been shown to control health care costs and improve quality for episodes of care and specific conditions, employers and other health care purchasers have increasingly been pushing health plans to prioritize implementation, but we still have a long way to go until this model reaches its full potential.
We have kicked off Collaborative 6: “Advancing Bundled Payment Programs” to help employers and other health care purchasers make headway on their bundled payment strategies.
We have four great participants for this Collaborative!
We will benefit tremendously from the subject matter expertise of Marc Berg, Partner at McKinsey&Company, for this initiative.
During this 9-12 month Collaborative, CPR, its subject matter expert, and Collaborative participants meet monthly to level set on the current state of bundled payment and barriers to implementation, learn about best-in-class program scope and design, set clear expectations as a group for what employers would like to see from health plans and third-party vendors moving forward, and assess the state of existing health plan and third-party vendor products.
We’ll develop specifications by which employers and other health care purchasers can evaluate health plans and third-party vendors, then we’ll review the health plan and third-party vendor offerings.