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As healthcare costs continue to grow, value-based initiatives like bundled payments are here to stay and are increasingly moving to the ASC setting.
The outpatient space is going to continue to explode as a lower cost setting, especially for patients who need a defined pathway of care, like a total knee or hip replacement. However, running a bundled payment program in an ASC setting can be especially complex to get off the ground since bundles originated in hospitals.
Three bundle experts — Ritesh Shah, MD, an orthopedic surgeon at Morton Grove-based Illinois Bone and Joint Institute; Lorraine Hutzler, associate program director of NYU’s Center for Quality and Patient Safety; and James Slover, MD, an orthopedic surgeon at NYU Langone — provided their guidance on bundles in a joint session sponsored by Pacira at the Becker’s ASC 25th Annual Meeting: The Business and Operations of ASCs.
They outlined the following seven pillars of a successful bundled payment program: