{"id":428,"date":"2018-01-10T15:32:23","date_gmt":"2018-01-10T15:32:23","guid":{"rendered":"http:\/\/www.medbenanalytics.com\/?p=428"},"modified":"2018-01-31T15:33:10","modified_gmt":"2018-01-31T15:33:10","slug":"cms-announces-new-voluntary-bundled-payment-model-medben-analytics-will-provide-data-insights-participants","status":"publish","type":"post","link":"http:\/\/www.medbenanalytics.com\/?p=428","title":{"rendered":"CMS Announces New Voluntary Bundled Payment Model; MedBen Analytics Will Provide Data Insights to Participants"},"content":{"rendered":"<p id=\"E117\"><span id=\"E118\" class=\"qowt-font6-Helvetica\">On January 9, the Centers for Medicare &amp; Medicaid Services (CMS) formally announced the introduction of Bundled Payments for Care Improvement Advanced (BPCI Advanced), a new voluntary episode payment model. MedBen Analytics, which has provided insightful reporting services for voluntary and mandatory bundled payment models since 2015, will support the new initiative for health systems and providers electing to participate.<\/span><\/p>\n<p id=\"E120\"><span id=\"E121\" class=\"qowt-font6-Helvetica\">BPCI Advanced builds on the foundation of the original BPCI initiative, which began in 2013 and is scheduled to run through September 30, 2018. The new model &#8220;aims to support healthcare providers who invest in practice innovation and care redesign, better coordinate care, improve quality of care, and consider the financial implications of their treatment decisions,&#8221; CMS said in a press release.<\/span><\/p>\n<p id=\"E123\"><span id=\"E124\" class=\"qowt-font6-Helvetica\">BPCI Advanced will start on October 1, 2018 and run through December 31, 2023. According to CMS, its model design elements include:<\/span><\/p>\n<ul>\n<li id=\"E125\" class=\"qowt-li-0_0 qowt-list\"><span id=\"E126\" class=\"qowt-font6-Helvetica\">A voluntary episode payment model that qualifies as an Advanced Alternative Payment Model (Advanced APM);<\/span><\/li>\n<li id=\"E127\" class=\"qowt-li-0_0 qowt-list\"><span id=\"E128\" class=\"qowt-font6-Helvetica\">A single payment and risk track with a 90-day post-discharge or post-procedure episode period;<\/span><\/li>\n<li id=\"E129\" class=\"qowt-li-0_0 qowt-list\"><span id=\"E130\" class=\"qowt-font6-Helvetica\">29 inpatient clinical episodes;<\/span><\/li>\n<li id=\"E131\" class=\"qowt-li-0_0 qowt-list\"><span id=\"E132\" class=\"qowt-font6-Helvetica\">3 outpatient clinical episodes;<\/span><\/li>\n<li id=\"E133\" class=\"qowt-li-0_0 qowt-list\"><span id=\"E134\" class=\"qowt-font6-Helvetica\">Payment tied to performance on quality measures; and<\/span><\/li>\n<li id=\"E135\" class=\"qowt-li-0_0 qowt-list\"><span id=\"E136\" class=\"qowt-font6-Helvetica\">Preliminary Target Prices provided prospectively.<\/span><\/li>\n<\/ul>\n<p id=\"E137\"><span id=\"E138\" class=\"qowt-font6-Helvetica\">MedBen Analytics will draw on its knowledge of Medicare data consolidation and analysis &#8212; backed by 80 years of experience in medical claims management &#8212; in the development of software for the BPCI Advanced model, said MedBen President and COO Kurt Harden.<\/span><\/p>\n<p id=\"E140\"><span id=\"E141\" class=\"qowt-font6-Helvetica\">&#8220;MedBen Analytics helped our clients thrive under the initial BPCI model,&#8221; Harden said. &#8220;We anticipate the Advanced model will be a major step forward in value-based care, and look forward to giving participants the insights necessary to achieve success.&#8221;<\/span><\/p>\n<p id=\"E143\"><span id=\"E144\" class=\"qowt-font6-Helvetica\">Request for Applications to participate in BPCI Advanced are available at the <\/span><a id=\"E145\" contenteditable=\"false\" href=\"http:\/\/r20.rs6.net\/tn.jsp?f=001HvaNnRp9VG60YXuZg85TK-3d1IyD2Po7nOmzGExYLjyp1Iq9ICCG8b9JLzT5J-tA-D4RCWV-SxsBVxkk-8u8-X4OefCXfYG_l4qSMq_47gJg3ABEzrG7-j49JvBSXQaYOhkfSR1pWm0HU35zSnWjKm03VmwfE9qjU17NODtwJLa2DJ_yfq6ew0ierpBfNBomsziv24nGnTabl7ej3D77PQ==&amp;c=p7-SaAqqVyeu2r_FluYhyXSgOzc9ZwQviT2MRS2dWrTjd75i0Gy_FQ==&amp;ch=rnQfyium2lrMd-5-1dEUH2JE3a0f3bY27lIgtdopqVt8z0aFK0Idlg==\" target=\"_blank\" rel=\"noopener\"><span id=\"E146\" class=\"qowt-font6-Helvetica qowt-stl-Hyperlink\">BPCI Advanced website<\/span><\/a><span id=\"E147\" class=\"qowt-font6-Helvetica\">. CMS says that additional introductory materials will soon be available on the site as well.<\/span><\/p>\n<p id=\"E149\"><span id=\"E150\" class=\"qowt-font6-Helvetica\">MedBen Analytics will provide further information and share observations on the new model as we receive it. In the meantime, if you have any questions or are interested in viewing a demo of our current reporting platform, please contact Harden at 888-633-2364 or email <\/span><a id=\"E151\" contenteditable=\"false\" href=\"chrome-extension:\/\/gbkeegbaiigmenfmjfclcdgdpimamgkj\/views\/qowt.html#mailto:kharden@medben.com\"><span id=\"E152\" class=\"qowt-font6-Helvetica qowt-stl-Hyperlink\">kharden@medben.com<\/span><\/a><span id=\"E153\" class=\"qowt-font6-Helvetica\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On January 9, the Centers for Medicare &amp; Medicaid Services (CMS) formally announced the introduction of Bundled Payments for Care Improvement Advanced (BPCI Advanced), a new voluntary episode payment model. MedBen Analytics, which has provided insightful reporting services for voluntary and mandatory bundled payment models since 2015, will support the new initiative for health systems [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[15,20],"tags":[],"class_list":["post-428","post","type-post","status-publish","format-standard","hentry","category-bundled-payments","category-medben-analytics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CMS Announces New Voluntary Bundled Payment Model; MedBen Analytics Will Provide Data Insights to Participants - MedBen Analytics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.medbenanalytics.com\/?p=428\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CMS Announces New Voluntary Bundled Payment Model; MedBen Analytics Will Provide Data Insights to Participants - MedBen Analytics\" \/>\n<meta property=\"og:description\" content=\"On January 9, the Centers for Medicare &amp; Medicaid Services (CMS) formally announced the introduction of Bundled Payments for Care Improvement Advanced (BPCI Advanced), a new voluntary episode payment model. 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