Bundled payments – what makes them work? Lessons from the US

The Independent Health and Aged Care Pricing Authority (IHACPA) is entering an exciting partnership with the University of Sydney’s Menzies Centre for Health Policy and Economics. 

 

To kick off the collaboration, join us in person or online for a seminar on bundled payments with Dr Sarah Neville, IHACPA’s Director of Analytics. Dr Neville will draw on her recent experience as a Senior Harkness Fellow in Health Care Policy and Practice in the United States.

Seminar information

Bundled payments – what makes them work? Lessons from the US 

Value-based health care has been lauded as the new paradigm to curb health spending and improve quality of care worldwide. Many forms of value-based payment models exist, with one of the most promising being bundled payments, where payments are made to health providers for a clinically defined episode or bundle of related health care services. Under a bundled payment model, the provider assumes the risk – they are required to cover the total payments for the bundle of services, even if they exceed the price, but they also share in any savings when the total payments for the bundle of services is below the price. 

For her Senior Harkness Fellowship in Health Care Policy and Practice in 2022-23, Sarah Neville PhD undertook research to gain first-hand knowledge of bundled payment models. This included analysis of how the design, implementation, monitoring and evaluation of these models in the US determined their success. The research had particular focus on how risk is managed in the design of bundled payment models, and whether historically marginalised populations have equitable coverage and outcomes. 

Event details

  • Date: Monday 4 December 2023 
  • Time: 4pm–5pm followed by light refreshments 
  • Location: University of Sydney, Seminar Room 105 – F23 Michael Spence Building 
    Corner of Eastern Avenue and City Road, Camperdown NSW 2006 
  • Cost: Free 

Presenter

Dr Sarah Neville, Director of Analytics, IHACPA

Dr Sarah Neville

Director, Analytics, IHACPA

Sarah Neville PhD is a Senior Harkness Fellow in Health Care Policy and Practice and is currently the Director, Analytics at IHACPA. Sarah has worked in the Australian health system for over 10 years, setting the price of hospital services to make hospital funding more transparent and equitable. She joined IHACPA in 2013 and has since held successive roles including Director of Pricing, Executive Director of Data and Analytics, Senior Advisor of Statistics and Research. Sarah is passionate about the power of statistics to inform evidence-based policy, both in Australia and internationally. Her interests lie in health funding systems, particularly innovative funding models, as well as women in STEM leadership. She is the current chair of the School of Mathematics and Applied Statistics Advisory Committee at the University of Wollongong, where she completed a PhD in mathematical statistics. 

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