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Bundled payments reduce surgery costs by 10.7%


Bundled payments reduce surgery costs by 10.7%
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Bundled payments helped cut costs for several surgery types by more than 10%, with those savings passed on to employers and patients, a new study found.
Joint replacement, spinal fusion and gastrointestinal surgeries were on average $4,229 less when providers charged a set price compared to prior payment models, according to a RAND Corp. analysis of 2,372 procedures covered by self-insured employers between 2016 and 2020. The study, which used data from Carrum Health, was published in Health Affairs on Monday.
Employers received around 85% of the savings, or $3,582 per episode that represented a 9.5% relative decrease, while patients paid $498 less per episode marking a 27.7% relative decrease after their cost-sharing obligations were waived, according to the study. The impacts of the program increased over time, with employers effectively saving $7 for every $1 in patient copays waived, researchers said, ....

United States , Christopher Whaley , Joshua Wojcik , Carrum Health , Health Affairs On , Health Affairs , Bundled Payment , Care Improvement , Modern Healthcare , ஒன்றுபட்டது மாநிலங்களில் , கிறிஸ்டோபர் வேலீ , ஜோஷுவா வோஜ்சிக் , காரம் ஆரோக்கியம் , ஆரோக்கியம் வாழ்க்கைத்தொழில்கள் ஆன் , ஆரோக்கியம் வாழ்க்கைத்தொழில்கள் , பராமரிப்பு முன்னேற்றம் , நவீன சுகாதாரம் ,

Capping Hospital Prices


High hospital prices are a leading driver of high and rising costs in the U.S. health care system, resulting in insurance premium growth that outpaces the growth in wages and inflation. In particular, the cost of hospital care accounts for one-third of all U.S. health care expenditures. On average, hospitals command prices in the commercial market that are more than twice as high as Medicare, with some hospitals charging three or four times as much. High hospital prices have been fueled by a number of factors, including increasing market consolidation and “must-have” hospitals flexing their market power to negotiate significantly higher prices from commercial insurers. ....

Rhode Island , United States , Puerto Rico , National Institutes Of Health , Virgin Islands , Stuarth Altman , Zack Cooper , Chapin White , Lovisa Gustafsson , Ravik Roy , Audrey Mcintosh , Vivian Yaling Wu , Richardm Scheffler , Andrews Boozary , Christopherm Whaley , Jeffrey Clemens , Sherrya Glied , Susan Haber , Gerard Anderson , Joshuad Gottlieb , Christopher Whaley , Michael Chernew , Martin Gaynor , Aaron Baum , Uwe Reinhardt , Honerable Fortney Pete ,

Hospital price-setting would have the most impact in reducing healthcare spending


Hospital price-setting would have the most impact in reducing healthcare spending
Although RAND said price regulation is the most effective way to reduce spending, the researchers said this method has the most opposition.
, Associate Editor
Regulating hospital prices by setting what private health plans pay would have the most impact as a policy option for reducing annual hospital spending, according to new research from RAND Corporation.
The study compared three policy options – regulating hospital prices, improving price transparency and increasing competition among hospitals – to find which action would have the most impact.
If the prices that commercial payers paid to hospitals were set as high as 150% and as low as 100% of what Medicare pays, hospital spending could be reduced annually by $61.9 billion to $236.6 billion, respectively, according to the report. ....

Christopher Whaley , Jodi Liu , Centers For Medicare , Commonwealth Fund , American Hospital Association , Council For Affordable Quality Healthcare , Medicaid Services , Affordable Quality Healthcare , Rick Pollack , கிறிஸ்டோபர் வேலீ , ஜோடி லியூ , மையங்கள் க்கு மருத்துவ , காமன்வெல்த் நிதி , அமெரிக்கன் மருத்துவமனை சங்கம் , மருத்துவ உதவி சேவைகள் , ரிக் போலேக் ,