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CMS finalizes rule canceling mandatory bundled payment models

The following information appeared on HealthCareFinanceNews.com

 

CMS Administrator Seema Verma said the agency will announce new voluntary payment bundles soon.

In a final rule released Thursday, the Centers for Medicare and Medicaid Services is following through on its proposal to cancel hip fracture and cardiac bundled payment models. CMS has also scaled back the number of geographic areas participating in the comprehensive care for joint replacement model.

Both rule changes have been expected, as CMS under the Trump Administration has opposed mandatory participation in bundled payments. CMS Administrator Seema Verma said the agency anticipated announcing new voluntary payment bundles soon.

On Thursday, CMS officially cancelled the episode payment models and the cardiac rehabilitation incentive payment model that came out of the CMS Innovation Center under the previous administration. They were scheduled to start on January 1, 2018.

CMS reduced the number of mandatory geographic regions participating in comprehensive care for joint replacement model from 67 to 34 areas. CMS is also making participation voluntary for all low volume and rural hospitals in the 67 geographic areas.

To read the full article, visit HealthcareFinanceNews.com