Posted Wednesday, September 27, 2023
The lines between traditional fee-for-service and value-based payment systems will become murky as regulators seek to balance rising demand with the associated costs, according to Burke Wise, cofounder of Empassion Health.
Regardless of where value-based payment is heading in the larger Medicare reimbursement landscape, hospices can anticipate some lasting impacts within their payment realm, including the possibility of more upfront financial risks, Wise indicated.
“Within fee-for-service, [the U.S. Centers for Medicare & Medicaid Services (CMS)] has expressed the goal of increasing the number of patients who are under value-based care,” Wise told Hospice News during the ELEVATE conference. “So, increasingly there will be a lot of talk in traditional Medicare … Hospice is part of that risk side of things.”
Click here for the full article.
About Corridor
For over 30 years, Corridor has partnered with home health and hospice providers, delivering powerful solutions to support the unique challenges of caring for patients in the home. Our team of operations executives, clinicians, and nationally renowned industry experts have run provider organizations and resolved the same challenges you face. Contact us today to learn how we can help you.
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.
