Horizon BCBS of New Jersey awards physicians $3M in bonuses — 4 highlights

Horizon Blue Cross Blue Shield of New Jersey awarded 51 medical practices with $3 million in bonuses for maintaining patient health and avoiding unnecessary tests and hospital readmissions, according to nj.com.

Advertisement

Here are four highlights:

1. In 2014, the payer started awarding bonuses and paying the full reimbursement rate for nearly 8,400 patients who underwent hip and knee replacements, knee arthroscopies, colonoscopies and pregnancies.

2. After analyzing the patient’s status and their treatment costs, Horizon shared a portion of the savings with the physician who managed the patients.

3. In New Jersey, the caesarean-section rate is nearly 40 percent, the highest in the nation. Therefore, Horizon awarded OB/GYN practices that avoided performing unnecessary caesarean-section deliveries.

4. The model facilitates collaboration between physician and patients to promote quality care while reducing costs.

More articles on coding & billing:
The Wyoming Department of Health may study option allowing residents to join state insurance — 5 observations
California Legislature to approve tax on healthcare plans — 5 insights
Indiana expands Medicaid, sees more insured patients: 5 points

At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.

Advertisement

Next Up in ASC Coding, Billing & Collections

  • Atlanta-based United Digestive is planning an ASC in Watkinsville, Ga., focusing on organic growth to expand its network. The newly-constructed,…

  • At least 25 ASCs have closed over the past five years, a pattern of attrition driven by financial strain, staffing…

  • As the ASC industry continues to grow alongside new waves of surgical innovation, patient preferences and shifts to value-based care,…

Advertisement

Comments are closed.