Value-based care can improve the quality of treatment for orthopedic surgery patients and reduce overall costs, according to findings from New York City-based Hospital for Special Surgery.
Researchers assessed the clinical and financial effects of initiatives for hip and knee replacement patients between 2014 and 2019, according to a Sept. 15 news release. During that time, implementation of bundled payment programs at HSS saved CMS nearly $24 million, reduced readmissions and reduced medically unnecessary postoperative treatments.
"Under the BPCI [Bundled Payments for Care Improvement Initiative] and CJR [Comprehensive Care for Joint Replacement] bundle programs, we were able to provide high-quality care efficiently, which in turn led to good outcomes for patients and cost savings for the payer," lead author Catherine MacLean, MD, PhD said.
The results were published in the NEJM Catalyst Innovations in Care Delivery.