CMS Announces New Voluntary Bundled Payment Model
The Centers for Medicare and Medicaid Services (CMS), through its Innovation Center, released a new voluntary bundled payment model on Jan. 9 called Bundled Payments for Care Improvement Advanced (BPCI Advanced). This model is intended to build on the lessons from the current Bundled Payments for Care Improvement model that will conclude later this year. BPCI Advanced will qualify as an Advanced Alternative Payment Model (APM) under the Quality Payment Program (QPP) in 2018. Qualified participants (based on either patient counts or payment) are eligible for a 5 percent bonus in payment years 2019 through 2024. Your ACC believes that APMs, such as BPCI Advanced, have the potential to enhance patient care and improve the quality of care while lowering Medicare and Medicaid costs. To support members considering participation in APMs, your ACC is creating the APM Framework, launching in February on ACC.org. This tool will help members assess their readiness for APM participation. Your ACC also maintains the MACRA Hub for members seeking general information on the QPP, including information on Advanced APMs. Read more on ACC.org.