Surgeons across the state are realizing the benefits of medical bundled payments through a new program offered by Global 1 and Blue Shield of California.
As the largest bundled payment Third Party Administrator in California, Global 1 provides predetermined, single-payment pricing for an episode of care at an Ambulatory Surgery Center (ASC). The program is designed to provide alignment with the facility, surgeon and anesthesiologist which leads to a high-quality outcome in a lower-cost setting.
Bundled payments are designed to reduce waste and redundancies by creating true alignment of all providers around a surgical episode of care. The program has the potential to dramatically reduce cost, while providing budget certainty to patients, payers and employers.
BUNDLED PAYMENT ADVANTAGES
• Professional “physician-centric” experience, combined with the ability to perform higher acuity cases in the ASC setting
• Improved productivity due to efficiencies
• Active participation in the episode of care and clinical outcomes
• More marketable to patients seeking increased value and personal care
• Global 1 handles program approvals required by Blue Shield of California
• Patient advantage: receive one price, upfront – no hassle with multiple bills
• Financial aspects of the surgery are handled by Global 1
• Greater patient satisfaction