She has been on the forefront of ensuring everyone understands what bundled payments are all about in healthcare industry. Deirdre Baggot has been vocal on BP hence has been invited by various organizations to make known to them what this topic is all about. She is an expert reviewer for Bundled Payments at Medicare & Medicaid Services (CMS) and has been leading bundled payment Demonstration at Acute Care Episode (ACE). BP will mark the end of physician fee that’s usually paid for a certain service and Deirdre Baggot expounds more on this topic. View Deirdre Baggot’s profile at Linkedin
According to this renowned and respected voice, the entire success of BP is based on the articulate vision of the leadership, the effectiveness of their decision and the honesty in their services. For bundled payment to work perfectly in healthcare organizations, they must imbibe the following truths about BP:
# Truth 1: Avoid everything that patients don’t need
With the bundled payments, healthcare organizations will no longer be providing diagnostics and other therapeutics of their patients. This time they will be required to provide the procedures and also the tests that the patients need. This means providing all that the patients need.
#Truth 2: No more volume play
Unlike ACE Demonstration where the CMS offered their patients market exclusivity, bundled payment does not provide this offer. With BP the healthcare organizations will be giving much higher discounts and in case they don’t lower the healthcare cost, then there will be financial havoc.
#Truth 3: BP comes with changes
You must be able to manage changes especially in management because it requires qualified and competent leadership
#Truth 4: Real accountability
BP is based on tangible evidence. Whenever a clinician makes a mistake, it will be evident and hence no one will be blaming others because of their own mistakes. This means adherence to the set best standard is a necessity in BP.
By knowing the above truths, it will be easier for any healthcare to operate the bundled payments. Deirdre Baggot has served at Camden Group as the Vice President for more than 6 years. She has been in academic healthcare at the University of Michigan Health System and Northwestern Memorial Hospital. He has also authored over 20 papers on BP.