Preparing for budget-based payment methodologies: global payment and episode-based payment

• Published in: Current opinion in anaesthesiology Vol. 28; no. 5; p. 610
• Main Author: Hudson, Mark E
• Format: Journal Article
• Language: English
• Published: United States 01.10.2015
• Subjects: Anesthesia - economics; Anesthesiology - economics; Budgets; Fee-for-Service Plans; Health Care Costs; Humans
• ISSN: 1473-6500
• DOI: 10.1097/ACO.0000000000000239

Use of budget-based payment methodologies (capitation and episode-based bundled payment) has been demonstrated to drive value in healthcare delivery. With a focus on high-volume, high-cost surgical procedures, inclusion of anaesthesiology services in these methodologies is likely. This review provides a summary of budget-based payment methodologies and practical information necessary for anaesthesiologists to prepare for participation in these programmes. Although few examples of anaesthesiologists' participation in these models exist, an understanding of the structure of these programmes and opportunities for participation are available. Prospective preparation in developing anaesthesiology-specific bundled payment profiles and early participation in pathway development associated with selected episodes of care are essential for successful participation as a gainsharing partner. With significant opportunity to contribute to care coordination and cost management, anaesthesiology can play an important role in budget-based payment programmes and should expect to participate as full gainsharing partners. Precise costing methodologies and accurate economic modelling, along with identification of quality management and cost control opportunities, will help identify participation opportunities and appropriate payment and gainsharing agreements. Anaesthesiology-specific examples with budget-based payment models are needed to help guide increased participation in these programmes.