The private healthcare provider is responding to provisions in the federal Affordable Care and Patient Protection Act, which calls for cost bundling in Medicare billing by 2014.
Baptist Health has already negotiated bundled payments with Florida Blue, formerly Blue Cross Blue Shield of Florida, and plans to make similar contracts with other private payors.
President and CEO Brian Keeley described the bundling effort as fixing a “fundamental flaw” in healthcare billing where “the incentive is to do more in providing care when less might suffice,” he said.
Mr. Keeley hopes the new pricing will make Baptist more cost competitive and bring savings to his organization.
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