Bundled payment in orthopedics represents an opportunity for smart medical device firms that are not afraid to change how they do business.

With CJR and other bundled payment programs, not only are hospitals challenged with getting their own house in order, but they must also pay greater attention to managing cost and quality across the entire 90 day post-discharge period. They will need to better understand their cost structures, establish evidence-based care paths and manage non-value-added variation.

In their recent article for MD&DI, 5 Tips On How To Compete in Bundled Care Environment, Michael Abrams and Gordon Philips discuss the five moves that medical device companies should take to successfully compete in an increasingly complex and value-conscious market.