RevCycle Intelligence March 19, 2021
CMS has announced that it is now accepting applications for cohort two of the Medicare Primary Care First value-based payment model.
The Centers for Medicare and Medicaid Services (CMS) has opened applications for the second cohort of the Primary Care First (PCF) value-based payment model which seeks to drive down costs and increase quality of care.
As the healthcare industry moves toward value-based care delivery, the PCF model will explore if switching from fee-for-service to Medicare performance-based payments could increase quality of care and reduce overall Medicare costs.
Through the model’s performance-based payment adjustments, participating practices in eligible regions will be rewarded for positive patient outcomes. Additionally, these practices will have more flexibility in tailoring their care delivery approaches to...