Hudson Holdco operates Christ Hospital in Jersey City, Bayonne (N.J.) Medical Center and Hoboken (N.J.) University Medical Center. The hospitals hope to realize reduced costs through better coordination of care to eliminate unnecessary spending and duplicate services, according to the report.
The bundled payments program will begin by the end of the year and specifically affect Medicare patients. The hospitals will combine the payment model with their existing readmission reduction program, according to the report.
More Articles on Coding, Billing and Collections:
ProVation Software Enables Customized Care Plans
Aetna to Join Citi’s Healthcare Billing Platform
3 Ways to Train for ICD-10 Now
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.