However, CMS just approved four mandatory bundled payments allowing hospitals and physicians to share in savings when they beat target prices and meet quality standards or pay-up if they go over budget.
The Comprehensive Care for Joint Replacement initiative took effect April 1, 2016, and required select hospitals to participate; it was the first model to make participation mandatory. The new bundles — for acute myocardial infarction, coronary artery bypass graft surgery and cardiac rehab after heart attacks or heart surgery — are scheduled to launch on July 1, 2017, in select regions and require hospital participation.
CMS’ Center for Medicare and Medicaid Innovation heads the new bundled payment models, but House Republicans have previously targeted the center for repeal, according to the report. Dr. Price, as a member of the House of Representatives, signed a letter opposing CMMI’s mandatory bundled payments in October.
What will happen with bundled payments?
Jack Lewin, MD, president and CEO of the Cardiovascular Research Foundation, told Medscape Dr. Price could preserve bundled payments but make them voluntary in the future.
More articles on healthcare:
18 GI/endoscopy centers that opened in 2016
11 top practice areas for PAs
30 statistics on employer benefits for APRNs
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
