CMS Announces Additional Participants In Medicare Pilot Project
Posted on Friday, August 14, 2015 10:20 AMCMS has announced that over 2,100 acute care hospitals, skilled nursing facilities, physician group practices, long-term care hospitals, inpatient rehabilitation facilities, and home health agencies transitioned from a preparatory period to a risk-bearing implementation period in which they assumed financial risk for episode care. Over 360 organizations have entered into agreements with CMS to participate in the Bundled Payments for Care Improvement initiative and an additional 1,755 providers who have partnered with those organizations. An episode of care is defined as the set of services provided to treat a clinical condition for procedure, such as heart bypass surgery or a hip replacement. Bundling payment for services that patients receive across a single episode of care is a way to encourage providers to work together to better coordinate care for patients, both in the hospital and after they are discharged. Through the Bundle Payments for Care Improvement initiative, CMS is testing how bundled payments for clinical episodes can lead to better care, smarter spending, and healthier patients. Click here to read more.
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