Hospitals interested in participating in a CMS' Bundled Payments for Care Improvement initiative have until July 31 to apply.
Healthcare providers that take part in Model 1 of the BPCI initiative will enter into payment arrangements involving both financial and performance accountability for episodes of care. Model 1 defines an episode of care as an inpatient stay in an acute-care hospital. Participation in the initiative will begin no later than January 2014 and will include most Medicare fee-for-service discharges.
Interested hospitals should submit a Model 1 Open Period Information Intake form and an accompanying spreadsheet.
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