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Hospices Learn to Operate in Value-Based Environment

Posted on Monday, December 2, 2019 1:20 PM

Medicare Advantage and Primary Care First will soon be value-based payment models that will allow hospice participation.  For hospice providers to succeed, they will need to focus on early identification. 

CMS has approved Medicare Advantage Plans to test hospice coverage starting in 2021.  This new carve-in is designed to allow better communication between a client’s hospice provider and their other clinicians.  Hospices need to work in 2020 to be fully skilled and ready for 2021.

“The first is being able to conduct a needs assessment to find out who in your area might be a good partner to secure a value-based payment, and who has the aligned incentives. You have to find out what’s important to them so that you’re meeting their needs and addressing their pain points,” Allison Silvers, vice president of payment and policy for the Center to Advance Palliative Care, told Hospice News. “The second is a capability of being able to collect data on your program performance and tell the story of the benefits you bring.”

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Corridor is the nation’s preferred partner and trusted business advisor to home health and hospice providers, providing quality services and impactful results for 30 years. Focusing on key operational, regulatory and financial challenges, Corridor delivering industry-unique solutions and deep expertise in coding, clinical documentation review, compliance, billing and collections , consulting and provider staff education . At Corridor, we make the business of caring for people Better! For the most important industry updates and news that impacts home health and hospice, please make sure to sign up for our weekly newsletter to receive the latest up-to-date industry information direct to your inbox!

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