Medicare Announces Bundled Payment Initiative
Published on: February 05, 2013
The Bundled Payments for Care Improvement Initiative currently includes four models for bundling payments which vary based on the type of health care provider and the services included in the bundle. Organizations of providers participating in the initiative will agree to provide CMS a discount from expected payments for the episode of care, and then the provider partners will work together to reduce readmissions, duplicative care, and complications in order to lower costs.
More information, including a list of the selected providers, is available on the CMS website.