• Thursday, February 20, 2014RSS Feed

    Opportunity to Participate in CMS Bundled Payment Initiative Now Open

    The Centers for Medicare and Medicaid Services (CMS) has opened the window for participation in its Bundled Payments for Care Improvement (BCPI) initiative, and will host a webinar to explain the program and discuss how to get involved. The "Winter Open Period" began on February 13 and will run until April 18.

    The BCPI initiative was created in response to the Affordable Care Act, which directed CMS to investigate new payment methods. In bundled care arrangements, instead of making payments to individual health care professionals, CMS makes lump sum payments to a group of providers for a defined episode of care. CMS offers 4 models of BCPI payment, but only models 2 (retrospective acute and postacute care episode), 3 (retrospective postacute care only), and 4 (prospective acutecare hospital stay only) are open for participation. Information on models of bundled payment in general and the BCPI initiative in particular are available at the APTA bundled payment models webpage.

    The deadline for submission of all documents to CMS is April 18. To help interested providers better understand the initiative and requirements for participation, CMS will offer a webinar on March 4 at 12:00 pm (ET). Reservations for the webinar can be made online by using the password BPCI234 (the fourth character in the password is a capital letter "I"). Participants interested in joining by teleconference can call 650/-479-3207 and use access code 668 481 872.

    Questions about the BPCI initiative can be e-mailed to BundledPayments@cms.hhs.gov.


    Comments

    So how does this help the private practice provider. Seems to be a way that big systems can monopolize the market and emphasize quick discharges.
    Posted by dano napoli on 2/21/2014 9:15 AM
    It reflect big fish deciding the Ocean rules for smaller fish. This model reflect less about patient care and more about dollar saving and giving extra leverage to hospitals and insurance companies. Hospitals, big corporations, insurance companies and of course so called Medicare dollars are the winners in this methodology of reimbursement.
    Posted by Sam on 2/22/2014 6:51 PM
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