Here are four takeaways:
1. The report found merely 3 percent of providers do not believe their organization is highly prepared to move to a value-based payment system.
2. Despite most organizations having a formal process in place to determine healthcare costs, only 39 percent of those organizations regularly review the costs to make sure the information is up-to-date.
3. Respondents listed concerns about inconsistent definitions of which services Medicare will include in a bundled episode of care.
4. HIMSS is imploring Medicare to take into account the survey’s results before implementing the value-based payment system that could result in hefty financial penalties.
More articles on coding & billing:
Texas payers seeking more freedom to choose preferred drug lists: 5 highlights
How ASCs can demonstrate value to payers: 4 key concepts
Dr. Jonathan Kaplan focuses on the importance of price transparency — 5 takeaways
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.
