Posted Sunday, June 13, 2021
Critical to success as hospices begin to work within the value-based insurance design (VBID) demonstration is leveraging quality data and education when establishing payer relationships. The program started small in its first year, but stakeholders expect it to expand in 2022 and 2023. Data will play a key role for providers to help payers connect the dots between cost savings and hospice care.
According to CMS, the demonstration is intended to increase access to hospice services and to provide care coordination. The VBID demonstration launched Jan. 1.
“Hospice has been very insulated. It’s at a very small level outside of Medicare. Many thought VBID would get pushed off, and then the pandemic showed up,” Bethany Snider, M.D, SV and CMO of Hosparus Health told Hospice News during the Home Health Care News Medicare Advantage summit. “This is still the future, and I hope more payers get into it and reach out to partners and providers like hospices to help do this work together. Part of the demonstration is to figure out what is the best way to administer the hospice benefit in a different way, and hopefully establish a palliative care benefit and payment structure. This is where innovation occurs.”
Click here for the full article.
About Corridor
For over 30 years, Corridor has partnered with home-based care providers, delivering powerful solutions to support the unique challenges of caring for patients in the home. Our team of operating executives, clinicians, and nationally renowned industry experts have run provider organizations and resolved the same challenges you face.
Focusing on key operational, regulatory and financial challenges, Corridor delivers solutions and deep expertise in coding, clinical documentation, compliance, billing and education.
To receive the most important industry updates, insights and news impacting home health and hospice, please make sure to sign up for our weekly newsletter
