How 10 more hospitals upgraded their total joint replacement programs and saved $300k+
As featured in Becker's Hospital Review
The following 10 hospitals and health systems improved their total joint replacement programs through participating in alternative payment initiatives, aligning physicians and staff and using data analytics to realize better quality and cost savings.
St. Vincent's HealthCare (Jacksonville, Fla.). This nonprofit health system partnered with Stryker Performance Solutions in 2012 to prepare for the Bundled Payments for Care Improvement initiative. The hospital previously partnered with Stryker on physician alignment through orthopedic co-management and population health initiatives through the formation of an ACO. St. Vincent's HealthCare created a lower extremity joint replacement bundle at its Riverside Medical Center and Southside Medical Center, both in Jacksonville, Fla., on Jan. 1, 2014, and since then the health system has realized $3.89 million in cost savings. Riverside decreased the average episode cost by more than 15 percent and Southside decreased the average episode cost by 20 percent.
View the story: http://www.beckershospitalreview.com/hospital-management-administration/how-10-more-hospitals-upgraded-their-total-joint-replacement-programs-and-saved-300k.html