CMS Opens Bundled Payment Initiative Enrollment
CMS announced an open period for additional organizations to be considered for participation in its Bundled Payments for Care Improvement initiative Feb. 14.
New organizations can join Models 2, 3 and 4 of the BPCI initiative during the open period. Interested organizations must submit an Open Period Intake Spreadsheet and an Open Period Intake form by April 18 to be considered. If accepted, they will be added to Phase 1 in July 2014. Phase 1 is the preparation period to assume financial risk.
Additionally, organizations already participating in the initiative can be considered to add episodes and/or Episode Initiators.
The BPCI has four total models, which differ based on types of healthcare providers involved and the services in the bundle. Model 1 is not included in this round of applications. That model had its own open period for more applications from May to July last year.
More Articles on Bundled Payments:
62 Hospitals Participating in CMS' Advanced Bundled Payment Model
House Bill Would Establish New Medicare Bundled Payment Plan
Provider-Payer Bundled Payments: What We Know After 1 Year
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