CMS announced on January 9, 2018 a new advanced bundled payment model for 29 inpatient and three outpatient clinical episodes. Included are eight inpatient cardiac episodes and two outpatient cardiac episodes.
After dropping the mandatory Cardiac Bundled Payment Model in 2017, CMS’s Center for Innovation is moving aggressively to test a new iteration for 32 total patient episodes on a voluntary basis. Here are the facts you need to know.
For complete information, visit https://innovation.cms.gov/initiatives/bpci-advanced. Included are downloads for the Application Template, Data Request and Attestation Form, Participating Organization List and other relevant information required for participation.
As CFA predicted when the mandatory bundled pricing model was cancelled, we felt certain that CMS would introduce new voluntary models; we just didn’t know it would be this soon, or include so many cardiac episodes including some outpatient episodes. CFA strongly recommends that all hospitals, regardless of their readiness or inclination to participate, should study the proposed model and review the Application Template in detail to familiarize themselves with this opportunity and its requirements. Understandably, voluntary participation in risk-taking models qualifies as a significant decision with extremely impactful potential financial and clinical implications. Make no mistake, this is the way federal payment reform is proceeding; perhaps more rapidly than we ever imagined.
CFA will continue to monitor the roll-out of the BPCI Advanced model and provide updated information and analysis in the coming weeks.
If you are interested in learning more about strategies to deal with bundled payments, low-volume cardiac surgery programs and/or programmatic assessment for cardiovascular services, please contact CFA at (949) 443-4005 or by e-mail at cfa@charlesfrancassociates.com.