Finding Big Benefits in Bundled Payments
Horizon Healthcare Services of New Jersey used PROMETHEUS Analytics to implement bundled payments for nine conditions and procedures. More than 12,000 care episodes were completed under the program. Key benefits included quicker average recovery times after orthopedic surgeries, lower rates of unnecessary C-sections, lower costs for hip replacements, and fewer readmissions after knee arthroscopy. Costs were contained well enough for Horizon to pay out $3 million in shared savings to 51 participating specialty medical practices.