In this second part of our interview with Valere Bundled Solutions co-founder and renowned orthopedic surgeon Dr. Frank Aluisio, we discuss the role that virtual therapy is likely to play within the new model of CJR bundled payments in the years to come.
According to the CDC, hip and knee replacements constituted nearly 1 million procedures and more than $7 billion in hospitalizations alone, with the costs of the procedure varying greatly from region to region. It is estimated that the CJR initiative will affect approximately 23% of all LEJR procedures and generate approximately $343 million in Medicare savings over 5 years.
The wait and see approach is over. Medicare’s mandatory Comprehensive Care for Joint Replacement (CJR) initiative goes live April 1st, 2016. This marks a declarative shift to value based care; officially placing hospitals at financial risk if health systems are unable to deliver good outcomes for patients with hip and knee joint replacements.