Hospitals and physicians who were part of NJHA’s program were allowed to share in any savings if they successfully reduced costs and met federal quality standards, according to the report. CentraState Medical Center in Freehold attested to saving $2.2 million over three years.
CMS initiated the pilot programs at 12 hospitals in 2009 and has expanded to 30 hospitals and health systems representing 33 hospitals statewide. The program was a test of bundled payments’ ability to improve care and lower Medicare expenditures.
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