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What is bundled pricing?

Bundled pricing is a pricing strategy that provides one consolidated bill for services that includes the related fees for the facility, surgeon, anesthesia, laboratory, pathology, radiology, etc., all at a reduced rate for all services provided on the date of the surgery, procedure, or during the inpatient stay. Standard clinical editing and all existing plan policy and provisions apply. This value-based pricing motivates providers to work across the medical continuum to keep patients healthy and out of the hospital. Related services that occur on a day other than the Select surgery or procedure are subject to standard HealthChoice benefits.