MedSolutions, a diversified healthcare cost management company based in Franklin, recently announced it has been selected to participate in the Centers for Medicare and Medicaid Services (CMS) Bundled Payments for Care Improvement Initiative (BPCI) as an awardee convener. The move allows the company to expand its current post-acute care offering and accelerate into the growing bundled payments space.
The goal of the BPCI program is to deliver coordinated, high-quality, lower-cost care for Medicare beneficiaries who have experienced an inpatient admission through a period of 90 days post-discharge. As an awardee convener, MedSolutions partners with episode initiators, such as hospitals, hospital systems, and physician groups, allowing them to quickly become part of this ready-made BPCI solution, and have more impact on their patients’ experiences post discharge. This solution brings MedSolutions’ existing post-acute care program – which provides robust analytics support, case management, care coordination and outreach services – to beneficiaries participating in the initiative.
“Inclusion in this initiative is a big step for our company’s strategic market and product diversification efforts in core areas such as post-acute care and musculoskeletal management,” said Curt Thorne, MedSolutions’ president and CEO. “It also fulfills a long-term goal for MedSolutions to form true hospital and physician partnerships that positively impact patient experiences across the acute and post-acute spectrums.”
Participating partners will be able to capitalize on savings generated outside of their normal scope and prepare themselves for additional bundled payment opportunities in the future. The company is currently active as a Model 2 Convener in Phase 1 (analysis) of the BPCI, and will go live in Phase 2 (care redesign implementation) on Jan. 1, 2015.
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