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What is a bundled payment?<br />

• New payment model where services in a<br />

specified time period are “bundled” together<br />

into a single “payment”<br />

• Payment model is between the extremes<br />

of fee-for-service and full-capitation<br />

• Encourages care coordination across providers<br />

• Beneficiary participation is triggered by an “anchor event”<br />

(i.e., hospital admission).<br />

• Hospital and professional services for the medical<br />

condition over a defined time period are included in the<br />

definition of the episode of care.<br />

55<br />

2012 AAMC Annual Meeting

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