Monterey (Calif.) Spine & Joint in partnership with Global 1 performed its 600th bundled payment surgery.
Here are five highlights:
1. MSJ began offering patients bundled payment options with Global 1 in 2011.
2. Now the orthopedic group offers 44 bundled surgeries through the program, including sports medicine cases, joint replacement and interventional pain management.
3. MSJ bundled cases with Blue Shield of California, UnitedHealthcare and other large self-insured beneficiaries.
4. Global 1 is a third party administrator. They manage surgical bundled payments for more than 2 million insured members through its network of 12,000 physicians and 1,000 facilities.
5. MSJ President Christopher Meckel, MD, said, "This program, developed by Global 1, empowers patients to be better consumers of healthcare by knowing costs in advance. It also provides budget certainty to the payers."