CMS finalizes bundled payment plan for joint replacements

Hospitals will now be held accountable for the quality of care they deliver to Medicare patients who have hip and knee replacements, under a new bundled payment initiative aimed to save the Medicare program $343 million over the next five years. The new model takes effect in April 2016. Hospital risk will ramp up after the first year when the Centers for Medicare & Medicaid Services switches from pricing based on a hospital's prior clinical experience to a regional model by the final year. Read the full story at FierceHealthFinance