Hospice News April 13, 2021
Value-based care has opened up a different world to hospices beginning this year. More than 90 days into the value-based insurance design (VBID) demonstration, hospices are seeing rising patient volumes while expanding service offerings and adapting to new billing processes. The program, often called the Medicare Advantage hospice carve-in, launched Jan. 1.
The Center for Medicare & Medicaid Innovation (CMMI) has been spearheading initiatives leading to a sea of changes in hospice operations in the past decade since the Affordable Care Act (ACA). Medicare and Medicaid programs have since reoriented around value-based care payment models, which tie payments to quality of care and cost savings.
Thus far in the first quarter of the program, participating hospice providers are seeing...
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