UnitedHealthcare, a for-profit managed healthcare company, has announced that it’s expanding its use of bundled payment offerings to care providers, which offering across more than 30 states. According to the reports, the expansion develops upon UnitedHealthcare’s existing work with the Centers for Medicare & Medicaid Services’ Bundled Payments for Care Improvement Advanced (BPCI Advanced) program for fee-for-service Medicare. The program will offer care providers the opportunity to take part of its bundled payment models for their patients enrolled in UnitedHealthcare Medicare Advantage plans for certain procedures, such as hip and knee replacements, spinal fusions and coronary bypasses. Additionally, it provides an ability to participate with UnitedHealthcare in the BPCI Advanced program.
There are major advantages of Bundled payments in a row, including emphasizing high-quality, coordinated health care at a lower cost by setting price and quality standards for procedures and follow-up treatments and then rewarding participating care providers for exceeding these standards. Ahead of this announcement, president of bundled payment solutions at UnitedHealthcare Medicare & Retirement, Jeff Meyerhofer said that our extensive data and technology experience positions UnitedHealthcare to collaborate with care providers to support better health and better care, at a lower cost. Meyerhofer further noted that we are making it easier for care providers by managing both the fee-for-service and Medicare Advantage models, taking on the administrative burden and tailoring our services to their individual needs, so they can focus on caring for their patients.
Besides, UnitedHealthcare, as reports noted, will offer to partner care providers with scalable services and support, involving care management solutions to aid patients to obtain a quality experience from pre-operative education to post-acute care. Additionally, the program also provides patient engagement tools, performance analytics and consulting, and payment administration services.