As big healthcare companies, payers and investors turn to bundled payments, ASC chains are looking to value-based care systems in an effort to lower costs and improve care quality.
Many leaders feel ASCs are in the perfect position to adopt value-based care models because of the cost-efficient procedures surgery centers can offer, Becker’s reports.
“The payers are now interested in discussing bundles on some of the higher spends that can be done in the outpatient setting,” Jeffrey Flynn, administrator and COO of New York City-based Gramercy Surgery Center, said. “Joint replacements, bariatric and some general procedures are all on the table for discussion. With the bigger push to move procedures out of the hospital, many of us are in discussions for bundled payments with a boost in the reimbursement to bring it to a more cost-efficient setting.”
For surgical specialties, value-based care makes up 5.54 percent of total revenue, according to the Medical Group Management Association’s report, “Patient Access and Value-based Outcomes Amid the Great Attrition.” But this number will likely grow as the healthcare industry as a whole moves towards bundled payments. Read more.
