Dr. Nikhil Verma Among First U.S. Orthopedic Surgeons to Provide Bundled Payments for Self-Pay Patients
Chicago sports medicine physician Nikhil Verma, MD of Midwest Orthopaedics at Rush and a team physician for the Chicago Bulls and White Sox is among first U.S. physicians associated with an academic health center to provide transparent healthcare bundled payments. As healthcare continues to dramatically change in the U.S., many patients with a captured insurance network, high insurance deductibles and international patients now have the option to self-pay. Dr. Nikhil Verma and the physicians at Midwest Orthopaedics at Rush continue to stay at the forefront of orthopedic care by providing quality care at an affordable price.
Today, the most common way to pay for healthcare services is a fee-for-service system, which involves a predetermined amount for each discrete service provided. In this system, it is often impossible for patients to know the total cost of a health care episode prior to the procedure being performed. The emphasis with fee-forservice is on volume of care rather than value of care. Healthcare bundled payments enable providers to reduce costs, improve value and increase accessibility. In addition, they allow patients to understand the total cost of their care prior to initiation of treatment.
Becker’s Spine Review Article: 5 key points on Midwest Orthopaedics at Rush’s bundled payments making healthcare affordable & transparent