April 1 marked an important day for U.S. hospitals, as Medicare makes a major shift from fee-for-service medicine to value based payments in 67 metropolitan statistical areas (MSAs) across the country. MedBen Analytics has an innovative system in place to assist participants with the transition.
With the introduction of mandatory bundled payments for Medicare knee and hip replacements, selected hospitals will be accountable for the quality as well as the costs of care from the start of the surgery through 90 days post-discharge.
For nearly two years, MedBen Analytics has been working to provide a bundled payment analysis and reporting program that turns Medicare claims data into actionable insights necessary to improve services. Our current hospital clients are already realizing the benefits of our analytics engine, by using the reports to see where opportunities for improvement lie and modifying their clinical pathways accordingly.
MedBen Analytics will be participating in the Sixth National Bundled Payment Summit on June 7-9, 2016 at the Grand Hyatt in Washington, DC. If you plan on attending this event, we encourage you to stop by and say hello.
For a demonstration of our system or additional information, please contact MedBen President and COO Kurt Harden at 888-633-2364 or kharden@medben.com.
Read more about the mandatory bundled payment rollout at Forbes.com.