Under HOPCo management, practices are successful at achieving significant savings implementing bundled pricing with government and private payors. Our model continues to achieve reduced readmissions rates, an increase in discharge to home after orthopedic surgery combined with a decrease in discharge to SNF, and lower lengths of stay and complication rates. Here’s how we do it.
The HOPCo advantage
At HOPCo, we have extensive experience working with surgeons, health systems, payors and other continuum stakeholders to implement successful bundled payment programs. Through our years of experience, we have built a turnkey model and approach for bundled payments – a model that can be implemented within your practice or health system. The three key components of our model include data analysis, stakeholder alignment and care redesign.
- Data Analysis: We utilize outcomes metrics, payor data sets and claims analytics to develop a customized and cost-effective, high-quality bundled payment program that reduces the total episode cost. Since many of these metrics are significantly delayed, we have developed a thorough set of leading indicators that are reviewed with all key stakeholders on a monthly basis that enables constant adjustments and improvement – before results from the payor are known.
- Care Redesign: Our evidence-based protocols are tailored for the bundled care model and, when implemented, reduce variation and cost, and create a sustainable model across the care continuum. Our pathways and information systems assist providers in identifying patients who may fall out of the expected cost range due to one or more co-morbidities and guide physicians to modify care or treatment to ensure the best possible outcome for the patient.
- Stakeholder Alignment: It is essential to align your structure and strategy to achieve success for bundled pricing. Our platform enhances the alignment of all members of the healthcare team so the power of the care pathways can be fully realized. This results in providers, hospitals, post acute organizations, and others working more closely to achieve the ultimate goals of the bundles.