The initiative is designed to test whether this payment model will lower costs without undermining the quality of care.
Modern Healthcare: More Than 450 Provider Organizations Joint Payment-Bundling Initiative
The CMS on Thursday announced that more than 450 health care organizations will participate in the Bundled Payments for Care Improvement initiative, a payment model program created in the health care reform law to test whether bundling payments for services in a single episode of care can improve quality and lower costs. Those selected organizations represent a wide range of healthcare providers -- including not-for-profit and for-profit hospitals, academic medical centers, physician-owned facilities and post-acute providers -- that were chosen by the CMS either as awardees for Model 1 starting in April, or as participants for the first phase of models 2, 3 and 4 that begins with Thursday's announcement (Zigmond, 1/31).
CQ Healthbeat: Federal Officials Approve Applications For Bundled Payment Initiative
More than 500 health care organizations will participate in the Department of Health and Human Services' bundled payments initiative, the agency announced Thursday. This effort will test whether paying groups of providers a lump sum for a patient's treatment will lower costs without undermining the quality of care (Adams, 1/31).