Did you know?
- Between 2005 and 2015 the number of knee replacements done in the United States doubled to more than one million.
- On April 1, 2016 Medicare initiated “bundled payments” under The Comprehensive Care for Joint Replacement Model program for 67 regions in the United States. Payment was approximately $25,565.
- “Billed Charges” vary across Wisconsin by a factor of two and “Average Resource Use,” which may be a better indicator of true cost, vary by a factor of 2.5.
- If the 15,740 knee replacements whose resource use was greater than Medicare’s Bundled Payment rate of $25,565 were done at a resource use of $25,565 the savings would have been $33,312,756.