POSTED ON MONDAY, August 24, 2020
In preparation for the value-based insurance design model demonstration coming in 2021, hospices have developed ways to show their value.
“Stepping into Medicare Advantage plans will be a new experience for end-of-life care providers navigating the nuances of participating in payer negotiations. Beginning in January 2021, the U.S. Centers for Medicare & Medicaid Services (CMS) will add a hospice component to the Medicare Advantage Value-Based Insurance Design (VBID) Model. The demonstration, according to CMS, is intended to increase access to hospice services, reduce costs and facilitate better coordination between patients’ hospice providers and their other clinicians.”
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