Healthcare Finance News October 5, 2018
Voluntary bundled payment model is tied to performance and also qualifies as an APM for MACRA.
Hospitals and physician groups launched into the new Bundled Payments for Care Improvement Advanced on Monday, though the new model wasn’t the flip-of-a-switch that defined another October 1 start date when providers began using new ICD-10 codes in 2015.
“It’s not this big ceremonious tape cutting, it just sort of starts,” said Chris Garcia, CEO of Remedy Partners, a convener for participants.
There’s been a huge surge of interest in the advanced bundled payment model as compared to the former “BPCI classic.”
“We’ve been in that program now five years. We’ve seen a tremendous uptick in interest,” said Harrison Frist, national president of Operations...
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