Armed with a Bachelor of Science degree in Nursing from the Southern Illinois University, an MBA from Quinlan Business School and a PhD from the University of Colorado, Deirdre Baggot has become a well respected voice in the area of new payment solutions in healthcare. With a focus on payment bundling and extensive experience as an hospital executive, she was one of the pioneers of the CMS Acute Care Episode (ACE) bundled payment demonstration at Exempla Healthcare. Baggot has led consulting practices focused on bundled payments that generated more than $5 million in annual revenue for two healthcare firms and has also designed and implemented payment bundling with Employers, Commercial Payors, Medicaid and Medicare in over 200 hospitals. Find out more about Baggot at Beckers Hospital Review
Deirdre Baggot is very optimistic about the future of bundled payments and expects many more hospitals and doctors to commence participation in the Centres for Medicare and Medicaid Services Bundled Payments for Care Improvement Program. Bundled payments have fast been gaining ground in fields such as Orthopedics where bundled payment models are on a rise with the Center for Medicare and Medicaid services launching the bundled payment for care improvement in October 2018. This is an important development because orthopedics is one of the most lucrative departments in hospitals. The bundled model has also found its way into ambulatory surgery centres and 30% of respondents in an ASC survey chose it at one of the top 3 reimbursement trends.
Deirdre Baggot emphasized the major benefit of bundled payment as the lowered healthcare cost and cites a study conducted by the Baptist health system, a participant in the Medicare bundled programs which showed a significant 20% cost decline for lower joint replacement surgery without complications. Another notable example was the NYU Langone Medical Centre which reported a $3017 reduced cost per joint arthroplasty. Dr Baggot also notes that bundling reduces overtesting and overtreating and helps organizations achieve their goals.
For more information, connect: https://www.linkedin.com/in/deirdre-m-baggot-phd-53b11824