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The Bundled Payments for Care Improvement Program (BPCI) focuses on moving from a fee-for-service model to a fee-for-value bundled payment, where long-term and post acute care (LTPAC) providers are paid for a care episode, thus incentivizing them to improve the coordination, quality, and care operations at a lower cost.
Pilot programs for these models have seen impressive participation, and have proven their strategic importance. LTCPAC providers who have been participating in these pilot programs have experienced significant advantages over competing organizations, including:
- Improved market relevance: LTPAC providers are building new referral relationships with Accountable Care Organizations (ACOs), larger health systems, and the acute care community as a whole.
- Organizational collaboration: Post-acute collaboration with acute care providers and home health agencies has reduced 30-day hospital readmission rates.
- Massive cost savings:Overall costs are decreasing for those pilot episodes of care.
Download this white paper to prepare your organization for the imminent shift to a fee-for-value based model by learning what can be done to prepare, and how coordination and efficiency of care can be improved through bundled payments, as seen in the pilot programs.