The bundled payment agreement includes all services associated with knee replacement, such as physical therapy, facility services and follow-up visits. The two entities hope the collaboration will lower the cost of healthcare for knee replacement.
SSM Health Care-St. Louis owns and operates SSM Joint Replacement Center and DePaul Health Center in Bridgeton, Mo. The bundled payment strategy for total knee replacements allows SSM Joint Replacement Center to be reimbursed at a flat rate for all appropriate care components, such as hospital stay, durable medical equipment, readmissions for revisions or complications and outpatient postoperative care.
Read other coverage on bundled payments:
– Evaluating the Medicare Pilot Programs: Comparing ACOs and Bundled Payments
– Bundled Pricing Opportunities & Challenges: Q&A With Baptist Health System’s Michael Zucker
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
