Bundled Payment Letters of Intent Due Soon
Non-binding letters of intent for the CMS Bundled Payment Initiative are due next Friday November 4. This initiative allows physicians and hospitals to collaborate to improve quality and reduce costs, and to share the savings with the physicians. As opposed to the ACO payment program that hasn’t been part of a previous demonstration, bundled payments have been piloted with the Acute Care Episodes (ACE) demonstration project that’s currently ongoing, and with the heart bypass demonstration of the late 1990s, and participants have had generally favorable results.