Deidre Baggot is one of the most prominent Healthcare business strategists. She is widely known for her role in the development of successful business strategies for leading healthcare institutions. Baggot is also the mastermind behind the development of Bundled Payments module, a health services payment method which ensures value-based billing of healthcare services.
Throughout her career, Deirdre Baggot has made a name in the healthcare industry by developing, designing, and developing superior business strategies for more than 200 healthcare institutions in the country. Her efforts have led to a significant improvement in care services and management, especially in terms of cost and efficiency. The new payment method has led to increased savings, which are shared among physicians and institutions.
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According to Deirdre Baggot, the Bundled Payment method entails the payor remitting a single payment for all the care services to be received by a particular patient in a certain pre-determined duration. The doctors and the receiving hospitals are at liberty to ensure that the care they provide is as less costly as possible. If the given care turns out to be less costly than the pre-paid amount, then the doctors and caregivers are paid more. If the care given turns out to more costly than the pre-paid amount, then the doctors and the receiving institutions get a lesser pay.
Bundled Payment method ensures efficiency as opposed to the traditional fee-for-service. In this new payment method, the hospitals, care providers and physicians are encouraged to provide a more cost-effective service with greater efficiency. The fee-for-service method is based on claims from hospitals and is often riddled with billing errors.
As a respected voice in the healthcare industry, Deirdre Baggot advises all health care providers to embrace the new payment method as quickly as possible. According to her, failure to adopt and adapt to the new system may make them lag behind as the CMS is decisively headed towards the new payment method. Baggot also advises the Bundles are the fastest method of payment and will ensure the provision of value-based healthcare services.
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