Bundled Payment Application Deadline Extended until April
January 11, 2012
By: Sarah E. Swank
CMS announced on January 5, 2012 that it extended the application deadline for Models 2-4 under the Bundled Payment for Care Improvement Initiative to April 30, 2012. Under the Bundled Payment Initiative, providers propose a set price for a single episode of care and then receive a predetermined discount if the target is met. Providers may still apply for Models 2, 3 and 4:
- Model 2: retrospective acute care stays along with post acute care
- Model 3: retrospective post acute care
- Model 4: prospective acute care hospital stays
Even with the change in deadline, the application process will remain the same. For those providers who already applied and signed the Research Request Packet and Data Use Agreement, CMS will provide claims data on February 28, 2012.
For more information related to the Bundled Payment Initiative see CMS Bundled Payment Initiative: An ACO Alternative?