McKesson pairs with HCI3 on bundled payments software

McKesson and the Health Care Incentives Improvement Institute (HCI3) have entered an agreement to combine the McKesson Episode Management software with HCI3’s Prometheus Payment model.

The Newton, Mass.-based health IT vendor believes its McKesson Episode Management product, a software application that automates bundled payment programs, will benefit from the Prometheus Payment model, a set of episode definitions and reimbursement logic to determine patient-specific budgets according to established guidelines for treating conditions from beginning to end.

HCI3, a Newton, Conn.-based nonprofit working toward value- and evidence-based payment reform, launched Prometheus Payment in 2006 with support from the Robert Wood Johnson Foundation.