Posted on Friday, August 14, 2015 10:20 AM
CMS has announced that over 2,100 acute care hospitals, skilled nursing facilities, physician group practices, long-term care hospitals, inpatient rehabilitation facilities, and home health agencies transitioned from a preparatory period to a risk-bearing implementation period in which they assumed financial risk for episode care. Over 360 organizations have entered into agreements with CMS to participate in the Bundled Payments for Care Improvement initiative and an additional 1,755 providers who have partnered with those organizations. An episode of care is defined as the set of services provided to treat a clinical condition for procedure, such as heart bypass surgery or a hip replacement. Bundling payment for services that patients receive across a single episode of care is a way to encourage providers to work together to better coordinate care for patients, both in the hospital and after they are discharged. Through the Bundle Payments for Care Improvement initiative, CMS is testing how bundled payments for clinical episodes can lead to better care, smarter spending, and healthier patients. Click here to read more.
Corridor is the nation’s preferred partner and trusted business advisor to home health and hospice providers, providing quality services and impactful results for 30 years. Focusing on key operational, regulatory and financial challenges, Corridor delivering industry-unique solutions and deep expertise in coding, clinical documentation review, compliance, billing and collections , consulting and provider staff education . At Corridor, we make the business of caring for people Better! For the most important industry updates and news that impacts home health and hospice, please make sure to sign up for our weekly newsletter to receive the latest up-to-date industry information direct to your inbox!
For additional information, please contact Corridor at 1-866-263-3795.