During a speech Monday, the HHS secretary called for the healthcare sector to embrace market forces and value-based payment models.
Providers associations warn that ACOs unready to assume downside risk will drop out of the program if CMS does not extend Track 1 for a third agreement period.
When quality metrics are too numerous or complicated, they create ‘roadblocks to quality care,’ said CMS administrator.
The new BPCI Advanced bundled payment model means those who invested in the former mandatory bundles didn't throw their money down the drain.
CMS released a table of Alternative Payment Models for 2018, displaying changes and new designs involving MIPS and Advanced APMs.
Officials added counties in Alabama, Mississippi, and California to the list of locations covered under the MIPS ‘automatic extreme and uncontrollable circumstance policy.’
CMS recently announced a new version of its bundled payments program, with more incentives to participate. Doctors can qualify for higher payments under MACRA, an advantage for hospitals looking to affiliate with physician groups.
Though the program and its savings have steadily climbed, CMS released participant data without fanfare.
Because the BCPI Advanced program qualifies as an advanced APM, participants could have access to MACRA’s potential risks and added rewards.
It could be tempting to think that your investment efforts in value-based contracting are wasted. But not so, says a former population health executive.