[OrvalWintermute]

>Under that model, providers bear much of the financial risk.

Actually, practices currently bear the risk already, because they are subject to reimbursements unless they are cash-paying. Remember, the patients are regularly not the bill payors - the Payors are actually insurance companies/medicare/or, rare HMOs out of the area.

> They might receive a single bundled payment for a joint replacement including all follow-up care, with penalties for failing to meet clinical quality measures

Certain medical interventions like cancer treatment or joint replacement may require a long tail of treatment, counseling, physical therapy, aftercare, global periods, etc.

The applicability of that is fairly limited since many things do not trigger a global, and don't fit into this definition.