Today, the most widely used method of paying for health care services in Massachusetts is fee-for-service – where each service provided is priced and paid for separately. Virtually everyone agrees that one of the ways to lower health care costs is to move away from fee-for-service and to explore alternative payment methodologies.
So what are bundled payments? Bundled payments (also known as episode-based payments) aim to make a single payment for all services related to a treatment or condition, at times, spanning multiple providers in multiple settings.
As the health care delivery system continues to evolve toward integrated and coordinated approaches, it is essential that we all have a fundamental understanding of such alternative payment methodologies and how they may help us to achieve lower costs and better quality.
Section 64 of Chapter 288 of the Acts of 2010 directs the Division of Health Care Finance and Policy (Division) to provide support to providers and payers in developing bundled payment programs. To that end, the Division has organized a symposium to provide technical assistance to those considering bundled payment arrangements. We are convening a panel of experts from the practitioner, payer, and academic fields who are currently undertaking or considering bundled payment models.
The event is scheduled for Monday, February 28th at 9:00 a.m. and will take place at the State Transportation Building, 10 Park Plaza, Boston, MA 02116.
Organizations represented will include: Baycare Health Partners, BayState Health Systems, Harvard Business School, Health New England, Mass General Physicians Organization, and Wellpoint.
Dr. JudyAnn Bigby, Secretary of the Executive Office of Health and Human Services, will open the event, followed by panelists who will present information on the design and implementation of their bundled payment programs, and related successes and challenges.
Following the panel presentations, Dr. Philip Gaziano, from Hampden County Physicians Association, will moderate a question and answer discussion.
Due to the overwhelming number of responses we’ve received, this event is completely booked, and we will not be able to accommodate those who did not receive confirmation emails from us.
However, we will have event materials on our website, and I will be sure to share with you what we learn at the symposium… Stay tuned!
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