By Mark Hiller, Vice President of Bundled Payment Services, Premier
Premier commends the 1,299 entities that are joining the Centers for Medicare & Medicaid Services (CMS) Innovation Center’s Bundled Payments for Care Improvement (BPCI) Advanced Model. We are especially pleased to congratulate the non-convener organizations we’ve worked with over the past months to successfully apply to the program. As an advisor to providers in BPCI Advanced, the Comprehensive Care for Joint Replacement model and the Oncology Care Model, Premier has worked with hundreds of hospitals and physician groups across the nation to improve costs and patient outcomes.
Building on the BPCI model, BPCI Advanced supports participation as an alternative payment model under MACRA’s Quality Payment Program (QPP). Participation enables qualifying eligible clinicians to earn the QPP’s 5 percent bonus. We have found that bundled payments enable aligned incentives to innovate the care delivery process, reduce costs, and improve quality and patient satisfaction. BPCI Advanced provides a means to engage specialists in population-based efforts.
The launch of BPCI Advanced signals CMS’ commitment to value-based care delivery initiatives, which Premier strongly supports. We look forward to continuing our work with CMS and Premier members on value-based care delivery improvement efforts.
About Premier, Inc.
Premier Inc. (NASDAQ: PINC) is a leading healthcare improvement company, uniting an alliance of more than 4,000 U.S. hospitals and health systems and approximately 165,000 other providers and organizations to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, and consulting and other services, Premier enables better care and outcomes at a lower cost. Premier plays a critical role in the rapidly evolving healthcare industry, collaborating with members to co-develop long-term innovations that reinvent and improve the way care is delivered to patients nationwide. Headquartered in Charlotte, N.C., Premier is passionate about transforming American healthcare. Please visit Premier’s news and investor sites on www.premierinc.com; as well as Twitter, Facebook, LinkedIn, YouTube, Instagram and Premier’s blog for more information about the company.