Payment Innovation Expert Deirdre Baggot Looks at the Benefits of Bundled Payment
Deirdre Baggot is a well-known payment innovation expert and healthcare business strategist who focuses on bundled payments. For that, she has received immense national recognition in the healthcare field, mainly due to her contribution to bundled payments. Aside from that, Baggot is a prolific author who has penned articles on payment transformation, healthcare reform, and bundled payments, particularly on her Slideshare account. Follow Deirdre Baggot on Instagram
In one of her articles, Baggot looks at how small innovations in healthcare delivery can generate substantial financial gains. According to her, new payment techniques like bundled payment allow CMS to shift away from conventional fee-for-service thanks to the passing of the Affordable Care Act. Also, by increasingly following CMS’ lead, commercial payers are displaying a keen interest in bundling payments, primarily to providers. This move is due to the need to cut expenses not only in the areas of avoidable readmissions but also post-acute care.
The Affordable Care Act (ACA) requires new bundles that surpass elective surgical procedures to include avoidable readmissions, post-acute services, and medical conditions. It also expands the duration of care three days before inpatient admission to 30, 60 or 90 days after discharge. Baggot also said that the Bundled Payments for Care Improvement (BPCI) applicants seem to view high-end elective methods as a logical beginning point, as with the bundling tests conducted before.
About Deirdre Baggot
Deirdre Baggot prides herself on being the most esteemed voices in healthcare payment reform. Aside from her experience as a hospital executive and clinician, she is known for pioneering bundled payments. Deirdre Baggot led Exempla Healthcare’s CMS Acute Care Episode (ACE) bundled demonstration. In the course of her career, she has created and spearheaded consulting practices that are focused on payment innovation and bundled payments that generated over $5 million in yearly revenue, mainly for two healthcare advisory companies. Furthermore, Baggot has formulated and implemented payment models with Medicare, Medicaid, Commercial Payors and employers in more than 200 hospitals.