CMS on Thursday announced that more than 450 health care organizations will participate in its Bundled Payments for Care Improvement (BPCI) initiative, which reimburses providers for certain care episodes through single case rates and enables gainsharing among collaborating providers. (See more in this Daily Briefing story.)
Get the Advisory Board's exclusive analysis
Seeking context on BPCI, and why the program matters for the industry? Our experts have reviewed CMS's announcement and pulled out these key takeaways for members:
How bundled payments work, and why yesterday's news is so exciting
Coupled with other recent developments, "2013 is lining up to be the most exciting year in payment innovation yet," says the Advisory Board's Rob Lazerow, who explains how bundled payments work and offers additional context on the BPCI announcement in a Daily Briefing interview.
Read the full interview here.
Take a look at bundled payment projects around the nation
Meanwhile, there's more to bundled payment than CMS's big announcement. Dozens of providers have already inked bundled payment contracts with commercial insurers and employers.
We've combed through the news to identify these private payer and direct-to-employer bundling initiatives. Check out our interactive Commercial Bundled Payment Tracker to read more about each of the commercial bundles we've uncovered, or filter by service line to see which are drawing the most interest.
Next in the Daily Briefing
What should I include in my oncology business plan?