Alternative Payment Models in Inpatient Psychiatry-Moving Beyond Per Diem Toward Value
AI Summary
Current per diem payment incentivises longer stays and inefficiency; need shift to value-based models that reward outcomes and efficiency.
Proposed alternatives include bundled episodes, risk-adjusted capitated payments, and quality-linked incentives; require robust risk adjustment and measures to prevent patient selection.
Successful transition needs aligned stakeholders, data infrastructure, pilot testing, monitoring for access, safety, and unintended consequences to preserve care quality.
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