In late November 2017, CMS recalled two of the bundled payment models under the Bundled Payment Care Improvement (BPCI) Initiative. What does this mean for the future of bundled payments and, ultimately, value-based care?
Bundled payments are one of the alternative payment models developed by CMS under the new MACRA program. We explore the concept of healthcare bundled payments; challenges faced by providers under this model; and upcoming changes to this program.
We take a look at the current healthcare spending in the U.S. and examine how alternative payment models are designed to help reduce these costs. Then we will review recent articles that propose changes that would make alternative payment models more effective.
One prediction has it that in healthcare “bundled payments will account for 17 percent of reimbursements in the next five years.” This as healthcare industry experts are continuing to call for the mandatory implementation of bundled payments while CMS pushes back deadlines. Go or no-go? We take a look at the latest roundup of thoughts and advice.
Bundled payment models form CMS for 2017 include a shift in Medicare payments from quantity to quality by creating strong incentives for hospitals to deliver better care at a lower cost.