What’s missing is the financial reward for healthy patient outcomes, care coordination and efficiency.
paid is a major contributor to the problem. New healthcare payment and delivery options are needed to change the status quo.
Fee-for-service is a piecework payment system. Physicians and other healthcare providers are rewarded for delivering more services, and more expensive services. What’s missing is the financial reward for healthy patient outcomes, care coordination and efficiency.
While the authors make interesting observations and valuable suggestions, various methods of payment reform have been under way for some time, including pay-for-performance and supplemental payments to support practice transformation for efforts such as the medical home. Most recently though, the bundled payment model—also known as an “episode-ofcare payment”—has generated significant momentum and excitement.
The bundled payment model entails payment