Current Medicare rules prohibit hospitals from sharing savings with physicians who help them lower costs by, for example, negotiating discounts on implantable devices. The bundling initiative waives these prohibitions so that hospitals, physicians and post-acute care providers can coordinate and share in savings from improving care and lower costs.
The NCMS believes that various payment models should be available to physicians on a voluntary basis.
If you know of physician organizations that plan to apply for one or more of the bundled payment models, please contact Melanie Phelps at firstname.lastname@example.org or 919-833-3836.
There are four different models in the bundling initiative. More information can be found by going to the following links, which include a news release, fact sheets and a Request for Applications.
As explained in the documents, September 11, 2011 is the deadline for letters of intent for Model 1, and November 4, 2011 is the deadline for Models 2, 3 and 4.
Click here for additional resources on the NCMS Toward Accountable Care webpage.