AAOS: Time for orthopedics to jump on the value-based care bandwagon (The Advisory Board Company)
Navigating the transition to value-based care is now a top priority for orthopedic physicians, vendors, and strategic planners. That’s the message that our team received when we attended the annual meeting of The American Academy of Orthopaedic Surgeons (AAOS) a few weeks ago.
Read on to learn how these three stakeholders are responding to value-based initiatives to drive orthopedic value and growth.
Physicians respond to CJR
This was the first AAOS annual meeting since CMS finalized the Comprehensive Care for Joint Replacement (CJR) model—and physicians were clearly both excited and somewhat apprehensive about the model, which went into effect on Friday.
At one session on emerging payment models, the presenting physicians offered a set of guiding principles to successfully execute on bundled payment:
Minimize LOS: Because hospital and post-acute stays put patients at risk for hospital-acquired conditions, physicians must strive to minimize the time their patients spend in institutions to both control cost and boost outcomes.
Reduce variation: Efficiency and quality are essential to s...
