Bundled Payments with Co-Pay Waivers Could Create Substantial Cost Savings
Can You Guess Why Bundled Payments Will Catch On With Patients and Employers? Providing patients discounts for using medical providers that agree to charge one set price for expensive procedures such as knee replacement surgery can result in savings for both patients and payors, according to a RAND Corporation study published in Studying three types of major surgical procedures for patients who had commercial insurance, researchers found that a bundled payments program reduced total surgery costs by an average of $4,229, a 10.7% relative reduction. As an incentive for patients, cost-sharing ...
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