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Bundled payment is the reimbursement of health care providers (such as hospitals and physicians) "on the basis of expected costs for clinically-defined episodes of care."
Health technology is defined by the World Health Organization as the "application of organized knowledge and skills in the form of devices, medicines, vaccines, procedures, and systems developed to solve a health problem and improve quality of lives". [1]
The PMAG is composed of performance measurement experts representing the Agency for Healthcare Research and Quality (AHRQ), the American Medical Association (AMA), the Centers for Medicare and Medicaid Services (CMS), the Joint Commission on Accreditation of Healthcare Organizations (JCAHO), the National Committee for Quality Assurance (NCQA ...
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The Bundled Payment for Care Improvement (BPCI) Initiative Pilot Program [19] gives healthcare providers a bundled payment for all of the care done at the inpatient facility, post-acute care facility, and other outpatient services. [20] The range of time for this care varies but the bundling time can start 3 days prior to the acute care. [20]
Health information technology (HIT) is "the application of information processing involving both computer hardware and software that deals with the storage, retrieval, sharing, and use of health care information, health data, and knowledge for communication and decision making". [8]
Bundling is most successful when: There are economies of scale in production.; There are economies of scope in distribution. This can be seen in consumer electronics bundles where a big box electronics store offers all of the components for a home theatre setup (DVD player, flatscreen TV, surround sound speakers, receiver, subwoofer) for a lower price than if each component were to be ...
Bundling (tradition), the traditional practice of wrapping one person in a bed accompanied by his/her courter; Sacred bundle, a wrapped collection of sacred items held by a designated carrier in Indigenous American cultures