Yesterday, the Center for Medicare and Medicaid Innovation (CMMI) announced two significant changes to its largest accountable payment program, the Bundled Payments for Care Improvement (BPCI) initiative. There are currently more than 450 providers slated to participate in the program, which reimburses entire episodes of care—in some cases including all related physician services, readmissions, and post-acute care—at a single rate.
BPCI update: Three-month delay, fewer metrics to report
As hospitals and health systems move toward new accountable payment models, many health care leaders are wondering how quickly the industry is moving—and in what directions.
To help guide members on the path to risk-based contracts, we are pleased to launch the 2013 Accountable Payment Survey. Your responses help us chart the industry’s current position and future course with accountable payment models—and they help us all get smarter on how these new contracts work in practice.
The response rates continue to grow, but the early results show that many providers are moving aggressively toward risk, with plans to transition a large portion of their business to bundled payment and total cost of care contracts within five years.
If you haven’t already participated, we encourage you to take five minutes and share your story. We’ll send out the full results to respondents in the coming weeks.
Take the survey
Where are you on the path to risk?
Last week, CMS released the application schedule for joining the Medicare Shared Savings Program (MSSP) in January 2014.
CMS moved the application deadlines forward by one month, starting the process in May rather than June this year. Although CMS offered three application windows for the initial cohorts—April 2012, July 2012, and January 2013—CMS has transitioned to a single, annual MSSP application process. Note that any organizations that miss the upcoming application deadlines would need to wait another year to apply for the MSSP’s January 2015 cohort.
CMS announces 2014 Medicare Shared Savings Program application deadlines