by Christine Woolstenhulme, QCC, QMCS, CPC, CMRS
In an effort to move away from Fee-For-Service and towards paying for Value, CMS launched a new payment model, “Bundled Payments for Care Improvement Advanced (BPCI Advanced)”. This is a voluntary bundled payment model where providers get paid for each individual service they perform.
CMS states, “Bundled payments create incentives for providers and practitioners to work together to coordinate care and engage in continuous improvement to keep spending under a target amount. BPCI Advanced Participants may receive payments for performance on 32 different clinical episodes, such as major joint replacement of the lower extremity (inpatient) and percutaneous coronary intervention (inpatient or outpatient). An episode model such as BPCI Advanced supports healthcare providers who invest in practice innovation and care redesign to improve quality and reduce expenditures.”
Providers may choose to participate with BPCI Advanced as it is eligible and meet qualifications under the Advanced Alternative Payment Model Congress passed in 2015 (Advanced APM) under the Quality Payment Program.
The BCPI Advanced performance model will start October 1, 2018, and will go through December 31, 2023. For more information about the model and its requirements, or to download a Request for Applications document (RFA), the application template, and the necessary attachments, please visit https://innovation.cms.gov/initiatives/bpci-advanced. Applications must be submitted via the Application Portal, which will close on 11:59 pm EST on March 12, 2018. Applications submitted via email will not be accepted.