Patients undergoing total joint replacement surgery in Northeast Ohio can now use a bundled payment model because of a partnership between Southwest General and Anthem Blue Cross and Blue Shield, Crain's Cleveland reports.
Here's are three things to know.
1. Anthem is going to cover the entire spectrum of care for hip and knee replacements.
2. The agreement is covered through the Centers for Medicare and Medicaid Services' Ohio's State Innovation Model Grant. It is helping hospitals implement value-based care practices.
3. The bundled payment model will increase transparency for Anthem's customers, and will provide the hospital with a more predictable revenue model.
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