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Employers a Key to Value-Based Payment Transition

06/01/18

  10:40:00 pm, by MedBen5   , 196 words,  
Categories: MedBen Analytics, Bundled Payments, Value-based care

Employers a Key to Value-Based Payment Transition

hospital bed

Value-based payment models are currently enabling Medicare to realize lower medical care costs... and MedBen is making these alternative payment methods available to self-funded employers as well.

In a recent MedCity News article, Dr. Poonam Alaigh notes that Medicare-based models like Bundled Payments for Care Improvement (BPCI) have generated provider savings while improving the quality of select acute care services. "Provider groups have demonstrated continued impact on a key driver of success, decreasing readmissions rates, as high as 23.3 percent," she writes.

Alaigh adds that for value-based care to truly succeed, the private sector must be open to new payment approaches, "cultivating an ecosystem for providers to collaborate and embrace multi-payer outcomes-based incentive strategies."

Since 2015, BPCI participants and other providers have used the MedBen Analytics reporting platform to convert raw Medicare data into actionable insights. And we expect it to eventually become the norm for employer claim payments, too.

MedBen offers commercial bundled payment services to self-funded groups. Through detailed reporting and assisting with customized plan design, we can help clients realize lower costs than fee-for-service payments without compromising quality of care. Find out more by contacting Vice President of Sales & Marketing Brian Fargus at bfargus@medben.com.

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