March 28, 2014
In a Valentine’s Day surprise, CMS announced that it was opening a new round of applications in the Bundled Payment for Care Improvement Initiative (BPCI). Hospitals that weren’t among the initial 467 to request the data to assess this opportunity in 2011 have until April 18, 2014, to submit their request.
Why is it worth exploring this opportunity at this time? As part of the broader trend away from fee-for-service, this is an opportunity for learning and organizational development. When properly targeted, bundled payment can provide both financial and strategic benefits for hospitals and health systems. There is little risk to assessing the opportunities; there is no requirement to commit to a new form of payment until the organization has evaluated the possibilities for itself. Hospitals and health systems that do so can:
Tags: Quality Initiatives | Medicare | Value-based Care
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