Fierce Health Payer March 1, 2021
Giving patients discounts for choosing providers that bundle expensive procedures like knee surgeries together resulted in significant savings, a new study finds.
The study, published Monday by RAND Corporation, comes as value-based care models have grown in popularity in Medicare but not as much in commercial insurance.
The study examined a program that negotiates a preferred price with certain providers to cover an entire episode of care within a 30-day period and waives cost sharing for patients.
The study looked at three types of major surgical procedures for patients with commercial insurance. Researchers explored hip and knee replacements, spinal fusion and bariatric weight loss and in total examined 2,372 procedures.
It found that a bundled payment program reduced surgery costs by...