One of the ways to implement a new method of operation in any industry is to guarantee that all parties involved will benefit from the proposed system. This is reality of bundled healthcare payments and the idea is how Deidre Baggot created a healthcare payment revolution.
The new bundled payments system replaces the traditional fee for service payments and reduces costs for both patients and healthcare providers. Deirdre Baggot has combined this payment program with something she calls the “care protocol” to ensure that patients receive exactly what they need from their care givers. Patient symptoms are matched to the current recommended treatments and doctors and hospitals perform only those tests and procedures that are necessary based on symptoms rather than performing a full battery on everyone. This system is much more efficient and effective because patients get specific treatment and providers save money. Follow Deirdre Baggot on Instagram
Deirdre Baggot has spent her life working in the healthcare industry. She has a Bachelor’s Degree in Nursing from Southern Illinois University, an MBA from Loyola University, and a PHD from the University of Colorado. She is the current CEO of the Camden Group, a healthcare consulting firm, and has worked as an administrator and care giver at a variety of medical facilities. She is in high demand from firms looking to benefit from her ideas and as a result she has been the keynote speaker at numerous conferences. She has also shared her system in a number of published reports.
Deirdre Baggot has worked with Medicare, Medicaid, medical facilities, and private insurance companies to implement the bundled payment system in over 200 hospitals, saving about $500 million. She has definitely created one of those win-win situations in which healthcare providers save money and patients experience an upgrade in care and an overall positive experience.