UnitedHealth Group (NYSE: UNH) today announced advancements in the company’s collaboration with individual doctors, health systems and government as the use of bundled payment models expands in traditional fee-for-service Medicare.
UnitedHealth Group aims to offer data and analytics, technology and care coordination to support the bundled payment models of health care providers, including those participating in the Centers for Medicare & Medicaid Services’ (CMS) Bundled Payments for Care Improvement Advanced (BPCI Advanced) program when BPCI Advanced launches later this year.
Bundled payment models set price and quality standards for certain treatments, such as hip or major joint replacements, and reward participating care providers who exceed the established standards. This is a shift away from the common fee-for-service structure that pays care providers for each treatment.
UnitedHealth Group’s extensive experience using data and technology to help coordinate care and improve health outcomes positions the company as a strong partner for care providers participating in bundled payment programs. This form of value-based care is a benefit both for the people needing treatment and the care providers delivering it, and UnitedHealth Group is committed to finding even more ways to expand its use.
These efforts build on UnitedHealth Group’s focus on value-based care delivery, and analytics and payment innovation, including approximately $64 billion in care provider reimbursements annually tied to a variety of value-based care arrangements.
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UnitedHealth Group (NYSE: UNH) is a diversified health and well-being company dedicated to helping people live healthier lives and making health care work better for everyone. UnitedHealth Group offers a broad spectrum of products and services through two distinct platforms: UnitedHealthcare, which provides health care coverage and benefits services; and Optum, which provides information and technology-enabled health services. For more information, visit UnitedHealth Group at www.unitedhealthgroup.com or follow @UnitedHealthGrp on Twitter.