Providers who are willing to collaborate and share risk can thrive in a value-based care environment, where bundled payments will comprise an estimated 17 percent of all payment types by 2023, according to Westchester, Ill.-based Regent Surgical Health.
Five strategies for successful bundled payment partnerships:
1. Have a personal investment.
2. Balance individual needs with overall needs of the partnership.
3. Adapt quickly.
4. Creatively align the parties' interests.
5. Allow sufficient time to establish and carry out the bundled payment initiative.