Posted Monday, June 21, 2021
Last week, Medicare Payment Advisory Commission (MedPAC) released its regular report to Congress, indicating that a less complicated portfolio of alternative payment models (APM) should be created.
“First and foremost, APMs allow CMS to experiment with changing how Medicare pays providers — to create stronger incentives to control overall costs than exist in traditional [fee-for-service] payment systems, while maintaining or improving quality,” Tuesday’s report explains. “At their core, well-designed APMs can give providers who are interested and able to provide care more efficiently the opportunity to do so with some financial reward.”
“A few other APMs were previously announced but are now under review by the new administration or have been otherwise delayed,” the report continues.
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