Understanding the Future of Supply Chain in Healthcare

Supply chains in healthcare are now starting to feel the full impact of the paradigm shift between fee-for-service/product and value-based payments. On the whole, the healthcare industry is seeing a seismic shakeup in the way goods and services are provided. Now, the value-based model, already popular among doctors and patients, is making its impact felt on suppliers as well. As a result, healthcare reform is speeding ahead with supply chain management taking center stage.

3 Biggest Bundled Payment Model Questions Answered

Healthcare bundled payments is a payment model that addresses reimbursement between payers and providers per episode of care rather than for a particular medical service, like the ever-popular fee-for-service model. The goal of using this particular payment method is to transition healthcare providers from a fee-for-service model to a value-based medical care model. This reduces some of the financial strain for both patients and providers and helps elevate the quality of care that patients receive.

Growing the Value-Based System with Bundled Payments

In the new era of healthcare reform, providers and payers must manage a delicate balance between financial responsibility and increasing positive patient outcomes. The shift towards a value-based care model is a reflection of this movement. Standing somewhat in opposition to value-based care is the fee-for-service reimbursement model, which is often criticized for allowing for overtreatment and misuse of resources.

4 Simple Ways to Create a Bundled Payment Strategy

Many healthcare providers are now looking to implement bundled payment strategies. Bundled payments are often seen as middle ground between fee-for-service and the outcome based models that are now shaking up the healthcare industry. Many healthcare organizations not ready to make the full leap into outcome-driven models are turning to bundled payment strategies as an alternate solution.