CMS has announced that more than 500 healthcare organizations will start participating in its Bundled Payments for Care Improvement initiative.
The initiative, for which organizations applied for in 2011, will test how different forms of bundled payments can result in more coordinated care and lower costs for Medicare.
The initiative includes four models of bundling payments, varied both by the types of healthcare providers involved and the services in the bundle. A description of the models can be found here.
Thirty-two of the participants announced today are participating in Model 1. The 32 organizations, listed here, will begin testing the bundled payments as early as April 2013.
• Bayshore Community Hospital (Holmdel, N.J.)
• Capital Health Medical Center – Hopewell (Pennington, N.J.)
• Capital Health Regional Medical Center (Trenton, N.J.)
• CentraState Medical Center (Freehold, N.J)
• Community Hospital of San Bernardino (N.J.)
• Cooper Hospital/University Medical Center (Camden, N.J.)
• Deborah Heart and Lung Center (Brown Mills, N.J.)
• HackensackUMC Mountainside Hospital (Montclair, N.J.)
• Hunterdon Medical Center (Flemington, N.J.)
• Jersey Shore University Medical Center (Neptune, N.J.)
• JFK Medical Center (Edison, N.J.)
• Morristown (N.J.) Medical Center
• Ocean Medical Center (Brick, N.J.)
• Overlook Medical Center (Summit, N.J.)
• Phelps Memorial Hospital Center (Hollow, N.Y.)
• Raritan Bay Medical Center, Raritan Bay Old Bridge (N.J.)
• Riverview Medical Center (Red Bank, N.J.)
• Robert Wood Johnson University Hospital (New Brunswick, N.J.)
• Robert Wood Johnson University Hospital Hamilton (N.J.)
• Robert Wood Johnson University Hospital Rahway (N.J.)
• Saint Clare's Hospital (Denville, N.J.)
• Saint Michael's Medical Center (Newark, N.J.)
• Saint Peter's University Hospital (Brunswick, N.J.)
• South Jersey Healthcare-Elmer (N.J) Hospital
• South Jersey Healthcare-Regional Medical Center (Vineland, N.J.)
• Southern Ocean Medical Center (Manahawkin, N.J.)
• St. Bernardine Medical Center (San Bernardino, Calif.)
• St. Joseph's Regional Medical Center, St. Joseph's Wayne Hospital (Paterson, N.J.)
• St. Mary's Hospital Passaic (N.J.)
• The Valley Hospital (Ridgewood, N.J.)
• Underwood-Memorial Hospital (Woodbury, N.J.)
• University of Princeton at Plainsboro (N.J.)
CMS will soon announce another opportunity for organizations to apply to participate in Model 1, with an anticipated start date early in 2014.
A list of the remaining participants, who will be in Phase 1 of Models 2, 3 and 4, can be found here.
Phase 1 for Models 2, 3 and 4 started today. Phase 1 is risk-free for participating organizations: It is a period for them to prepare for financial and performance accountability for episodes of care. Phase 2, a risk-baring phase, will begin later this year.
8 Steps for Hospitals Developing Bundled Payment Programs
5 Payment Models for ACO Providers
The initiative, for which organizations applied for in 2011, will test how different forms of bundled payments can result in more coordinated care and lower costs for Medicare.
The initiative includes four models of bundling payments, varied both by the types of healthcare providers involved and the services in the bundle. A description of the models can be found here.
Thirty-two of the participants announced today are participating in Model 1. The 32 organizations, listed here, will begin testing the bundled payments as early as April 2013.
• Bayshore Community Hospital (Holmdel, N.J.)
• Capital Health Medical Center – Hopewell (Pennington, N.J.)
• Capital Health Regional Medical Center (Trenton, N.J.)
• CentraState Medical Center (Freehold, N.J)
• Community Hospital of San Bernardino (N.J.)
• Cooper Hospital/University Medical Center (Camden, N.J.)
• Deborah Heart and Lung Center (Brown Mills, N.J.)
• HackensackUMC Mountainside Hospital (Montclair, N.J.)
• Hunterdon Medical Center (Flemington, N.J.)
• Jersey Shore University Medical Center (Neptune, N.J.)
• JFK Medical Center (Edison, N.J.)
• Morristown (N.J.) Medical Center
• Ocean Medical Center (Brick, N.J.)
• Overlook Medical Center (Summit, N.J.)
• Phelps Memorial Hospital Center (Hollow, N.Y.)
• Raritan Bay Medical Center, Raritan Bay Old Bridge (N.J.)
• Riverview Medical Center (Red Bank, N.J.)
• Robert Wood Johnson University Hospital (New Brunswick, N.J.)
• Robert Wood Johnson University Hospital Hamilton (N.J.)
• Robert Wood Johnson University Hospital Rahway (N.J.)
• Saint Clare's Hospital (Denville, N.J.)
• Saint Michael's Medical Center (Newark, N.J.)
• Saint Peter's University Hospital (Brunswick, N.J.)
• South Jersey Healthcare-Elmer (N.J) Hospital
• South Jersey Healthcare-Regional Medical Center (Vineland, N.J.)
• Southern Ocean Medical Center (Manahawkin, N.J.)
• St. Bernardine Medical Center (San Bernardino, Calif.)
• St. Joseph's Regional Medical Center, St. Joseph's Wayne Hospital (Paterson, N.J.)
• St. Mary's Hospital Passaic (N.J.)
• The Valley Hospital (Ridgewood, N.J.)
• Underwood-Memorial Hospital (Woodbury, N.J.)
• University of Princeton at Plainsboro (N.J.)
CMS will soon announce another opportunity for organizations to apply to participate in Model 1, with an anticipated start date early in 2014.
A list of the remaining participants, who will be in Phase 1 of Models 2, 3 and 4, can be found here.
Phase 1 for Models 2, 3 and 4 started today. Phase 1 is risk-free for participating organizations: It is a period for them to prepare for financial and performance accountability for episodes of care. Phase 2, a risk-baring phase, will begin later this year.
More Articles on Bundled Payments:
AHA: Heart Attack Bundled Payments Need Parameters8 Steps for Hospitals Developing Bundled Payment Programs
5 Payment Models for ACO Providers