CMS: 1,299 providers join new bundled payment initiative

Editor's Note

The Centers for Medicare & Medicaid Services (CMS) on October 9 announced that 1,299 healthcare providers are participating in its new Bundled Payments for Care Improvement−Advanced model, which began October 1 and will continue until December 31, 2023.

The program includes 32 bundled clinical episodes (29 inpatient, 3 outpatient) and involves 832 acute-care hospitals and 715 medical practices in 49 states and the District of Columbia.

The participants will receive bundled payments for certain episodes of care as an alternative to fee-for-service payments that reward only the volume of care delivered.