Bundled payments are a payment model in healthcare where providers are reimbursed for a bundle of services related to a specific episode of care, rather than being paid for each individual service. This model is intended to incentivize providers to work together more efficiently and coordinate care to improve patient outcomes while also reducing costs. Bundled payments can be used for a variety of medical services and procedures, such as joint replacement surgeries or maternity care. This approach has gained traction in recent years as a way to promote value-based care and shift away from fee-for-service reimbursement models.