Hospice News August 18, 2020
Hospices have increasingly sought ways to demonstrate their value proposition to payers in anticipation of the approaching value-based insurance design model demonstration project, coming in 2021. Establishing relationships with participating payers, broadening the scope of care and services, and tracking patient care data will be essential next steps for hospices planning to participate in the project, commonly called the Medicare Advantage hospice carve-in.
Stepping into Medicare Advantage plans will be a new experience for end-of-life care providers navigating the nuances of participating in payer negotiations. Beginning in January 2021, the U.S. Centers for Medicare & Medicaid Services (CMS) will add a hospice component to the Medicare Advantage Value-Based Insurance Design (VBID) Model. The demonstration, according to CMS, is intended to...
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