News | Cardiovascular Business | August 17, 2015

CMS Announces Additional Participants in Bundled Payments Pilot Project

Participants have entered risk-bearing implementation, assume financial risk for episodes of care

CMS, additional participants, Bundled Payments for Care Improvement initiative, Medicare, eipsodes of care

August 17, 2015 — The Centers for Medicare & Medicaid Service (CMS) announced that over 2,100 healthcare facilities have agreed to participate in the Bundled Payments for Care initiative to improve care and reduce costs for Medicare. Participants — which include acute care hospitals, skilled nursing facilities, physician group practices, long-term care hospitals, inpatient rehabilitation facilities and home health agencies — have transitioned from a preparatory period to a risk-bearing implementation period in which they assumed financial risk for episodes of care.

The participants include 360 organizations that have entered into agreements with CMS to participate in the Bundled Payments for Care Improvement initiative and an additional 1,755 providers who have partnered with those organizations. CMS defines an episode of care as the set of services provided to treat a clinical condition or procedure, such as a heart bypass surgery or a hip replacement.

“We are excited that thousands of providers in the Bundled Payments for Care Improvement initiative have joined us in changing the healthcare system to pay for quality over quantity — spending our dollars more wisely and improving care for Medicare beneficiaries,” said Patrick Conway, M.D., CMS acting principal deputy administrator and chief medical officer. “By focusing on outcomes for an episode of care, rather than separate procedures in care delivery, we are incentivizing hospitals, doctors and other providers to work together to provide high-quality, coordinated care for patients.” 

Bundling payment for services that patients receive across a single episode of care is one way to encourage doctors, hospitals and other healthcare providers to work together to better coordinate care for patients, both when they are in the hospital and after they are discharged. Through the Bundled Payments for Care Improvement initiative, CMS is testing how bundled payments for clinical episodes can result in better care, smarter spending and healthier people. This announcement means several hundred providers are advancing into a program that rewards them for increasing quality and reducing costs while also penalizing them if costs exceed a set amount.

CMS cardiovascular related bundled payment programs include the following:

  • Acute myocardial infarction
  • Atherosclerosis
  • Automatic implantable cardiac defibrillator generator or lead
  • Cardiac arrhythmia 
  • Cardiac defibrillator 
  • Cardiac valve 
  • Chest pain 
  • Congestive heart failure 
  • Coronary artery bypass graft surgery 
  • Major cardiovascular procedure 
  • Medical peripheral vascular disorders 
  • Other vascular surgery 
  • Pacemaker 
  • Pacemaker device replacement or revision 
  • Percutaneous coronary intervention 
  • Stroke 
  • Syncope and collapse 
  • Transient ischemia

The initiative includes four models of bundled payments tied to inpatient hospital admission. The models vary by the types of providers involved and the length of the bundle after the hospitalization.

CMS recently announced a new Medicare Part A and B payment model, the Comprehensive Care for Joint Replacement Model. Although the model is distinct from the Bundled Payments for Care Improvement initiative, both initiatives are part of the framework established by the Affordable Care Act to move the healthcare system toward one that rewards providers based on the quality, not quantity, of care they deliver to patients. The Obama administration earlier this year announced the goal of tying 30 percent of Medicare payments to quality and value through alternative payment models by 2016 and 50 percent of payments by 2018.

For more information: www.cms.gov


Related Content

Feature | Cardiovascular Business | By Christine Book

World Heart Day takes place each year on September 29. Founded in 2000 by the World Heart Federation, World Heart Day ...

Home September 28, 2022
Home
News | Cardiovascular Business

September 27, 2022 — Martha Gulati, MD, an expert in preventive cardiology and women’s heart disease, has joined the ...

Home September 27, 2022
Home
News | Cardiovascular Business

September 21, 2022 — MedAxiom, the premier source for cardiovascular organizational performance solutions, has released ...

Home September 21, 2022
Home
Feature | Cardiovascular Business | By Melinda Taschetta-Millane

Here is a rundown of what you and your colleagues found to be most interesting in the fields of diagnostic and ...

Home September 07, 2022
Home
Feature | Cardiovascular Business | By Christine Book

As the cardiology community commemorates the importance of heart health on World Heart Day, Sept. 29, here’s a quick ...

Home August 18, 2022
Home
News | Cardiovascular Business

August 17, 2022 — Memorial Healthcare System, a South Florida-based academic medical center, has added a diverse trio of ...

Home August 17, 2022
Home
News | Cardiovascular Business

August 16, 2022 — A study of cardiology programs indicates that patients’ documented do-not-resuscitate (DNR) ...

Home August 16, 2022
Home
News | Cardiovascular Business

August 16, 2022 — Two leaders in cardiovascular disease science, research and education, the American Heart Association ...

Home August 16, 2022
Home
Feature | Cardiovascular Business | By Melinda Taschetta-Millane

Diagnostic and Interventional Cardiology (DAIC) maintains more than 30 comparison charts of product specifications from ...

Home August 12, 2022
Home
News | Cardiovascular Business

August 12, 2022 — Clarius Mobile Health, a leading provider of high-definition wireless ultrasound systems, announced ...

Home August 12, 2022
Home
Subscribe Now