Hospitals will be able to make changes to their participation in the Bundled Payments for Care Improvement Advanced model next year.
CMS revealed BPCI Advanced participants may retroactively withdraw all or some episode initiators and/or clinical episodes from the model in March 2019, according to the American Hospital Association.
CMS said Oct. 1, 2018, is still the scheduled start date for BPCI Advanced, but participants will be allowed to withdraw from the model in March "to accommodate this update in preliminary target prices and to recognize some applicants' requests for a later start date," according to the AHA.
The announcement came July 6, shortly after the agency delayed deadlines for BPCI Advanced. CMS originally set Aug. 1 as the deadline to submit signed participation agreements and select clinical episodes for the model. However, the agency extended that deadline to Aug. 8. Additionally, the due date for program deliverables was extended to Sept. 14.
The deadlines were extended after the American Hospital Association called on CMS in June to offer two additional start dates for BPCI Advanced — Jan. 1 and April 1. The AHA claimed CMS said it would supply data, including episode target prices and summary and raw claims data, by the end of May, but still hadn't provided some facilities with the data as of June 21.
More articles on healthcare finance:
For-profit hospital stock report: Week of July 2-6
Nearly half of healthcare organizations expect higher profits from value-based care: 4 findings
PMMC launches revenue cycle analytics platform