Posted on Monday, February 1, 2021
Beginning this year, the value-based insurance demonstration (VBID) has expanded to hospice. The demonstration is designed to increase access to hospice and offer better care through better communication between clinicians.
“Within a value-based payment arena, hospice providers accept more financial risk associated with caring for patients in exchange for incentives for improving quality or reducing costs.
COVID-19 has already strained some of these efforts. CMS postponed the start of the performance period for the Serious Illness Population payment model and direct contracting models until April 1 due to the pandemic. Advocates such as the National Hospice & Palliative Care Organization have called on CMS to also delay the hospice carve-in’s implementation to give providers more time to prepare in light of the pandemic’s strains.”
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