The prepayments, announced May 4, will go to providers in the insurer’s patient-centered medical home program through a one-time payment that will be deducted from their end-of-year quality incentive payment. Providers in patient-centered medical home programs who meet the requirements can opt in to the program by submitting an application and signing an agreement.
“Primary care providers across the state are dedicated to the health of their patients and communities, and we want to help them continue to treat their patients during the pandemic and beyond,” James Napoli, MD, CMO at BCBSAZ, said in a prepared statement. “These providers play a critical role every day in keeping our members healthy and have been greatly impacted as office visits have decreased. The prepayments will give them the flexibility they need to manage their operations in these uncertain times.”
More articles on healthcare finance:
More than $1B in bailout funds go to CHS, HCA and UHS
214-bed Kentucky hospital closes
Cash crunch from COVID-19 could force 100 hospitals to close
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.