Developing an Algorithm to Identify Opportunities for Bundled Payment in Singapore
Care Process & Redesign
Technology
Singapore Healthcare Management Congress
SingHealth
31 December 2021
Develop an algorithm to identify opportunities for bundled payment, streamlining costs and improving outcomes. Algorithm effectively supports value-based care, enhancing efficiency and patient outcomes in bundled payment models.
Year Submitted: 2021
Published Date: 31 December 2021
Tags: Technology, Care Process ＆ Redesign, Digital Health, Data Management, Data Platform, Data Analytics, Data Modelling, Data Visualization, Operational Management, Financial Management, Value Based Care, Patient Reported Experience Measures, Patient Satisfaction
About this Content
Aims
Develop an algorithm to identify opportunities for bundled payment, streamlining costs and improving outcomes.
Background
Rising adoption of value-based care in Singapore required innovative funding models like bundled payments.
Methods
Created a 3-phase algorithm linking inpatient episodes, readmissions, and outpatient visits to form bundles.
Results
Enabled cost variance analysis and data visualization using dashboards; identified key areas for cost improvement and outlier management.
Conclusion
Algorithm effectively supports value-based care, enhancing efficiency and patient outcomes in bundled payment models.
Lessons Learnt
Integrated platforms improve data management and alignment of financial and clinical objectives.
Additional Information
SHM 2021 1st Prize (Finance Category).
Keywords
Bundled Payment, Healthcare Finance, Algorithm Development
Innovators' Details
Innovators' Details
Healthcare Cluster(s) | SingHealth |
Organization(s) Involved | Singapore Health Services |
Platform(s) | Singapore Healthcare Management Congress |
Healthcare Professional Group(s) | Healthcare Administration |
Applicable Specialty or Discipline | Healthcare Administrators |
Project Lead(s) | Ivan Tan En-Howe |
Project Member(s) | Nguyen Duc Quang |
Connect with this contributor!
Ivan Tan En-Howe - singaporehealthcaremanagement@singhealth.com.sg
Project Attachment
C489_SingHealth_SHM_2021_Developing_Algorithm_for_Bundled_Payment.pdf