Thomson Reuters Launches Payment Reform Solutions

The Healthcare business of Thomson Reuters (Ann Arbor, Mich.) announced new payment reform solutions designed to help U.S. hospitals manage risk and seize opportunities as new healthcare payment models gain a foothold.

The Thomson Reuters Payment Reform Solutions suite has four components:

The Reimbursement Risk Baseline shows hospital leaders:
• The key metrics that will impact their reimbursement under new payment models.
• The potential financial impact that value-based purchasing models will have on their organization.
• Whether they're at risk of Medicare penalties due to high readmission or infection rates.
• How their patient care experience score will impact future reimbursement.

The Market Snapshot establishes healthcare utilization and spending benchmarks across the continuum of care for a hospital's market. It also provides customized intelligence regarding services needed by discrete populations based on episodes of care for the top disease conditions. The solution enables hospital administrators to model the potential financial impact of participating in arrangements that involve shared savings and alternative risk-based reimbursement.

The Bundled Payment Design solution helps hospital executives better understand which services can be provided in a bundle, what drives cost, what providers are needed to bundle services across sites of care, and how they can create a comprehensive package at a competitive price.

Risk-Based Analytics help clinically-integrated organizations leverage real-time clinical information across the continuum of care in order to better coordinate care, manage costs and maintain quality