NEWTON, Mass. — The latest version of a software package made by McKesson for payers allows for innovative payment strategies while supporting detection of waste, fraud and abuse, the company said.
McKesson announced the launch of Total Payment 5.1, saying it was part of a broader effort to help payers and healthcare providers navigate healthcare reform. Enhancements in the new version of the software will help payers more easily collaborate with providers in the transition to value-based reimbursement strategies like bundled payments for episodes of care, the company said.
"Payers are looking for flexible solutions that allow them to test and scale new reimbursement methods consistent with healthcare reform initiatives," McKesson Health Solutions associate VP Mike Flanagan said. "At the same time, they understand that fee-for-service payment will continue to be part of the reimbursement equation for the foreseeable future."
Improved payment integrity is another enhancement to the program. The latest version integrates InvestiClaim, which can help users address the challenge to detect waste, fraud and abuse as payment complexity increases and the healthcare industry transitions to a new standard, known as ICD-10.