The American Medical Association on Wednesday lauded the CMS' recent announcement that it will test bundled-payment models, saying the agency's initiative provides both flexibility and a range of models.
AMA praises CMS bundled-payments program
On Tuesday, the CMS said it expects hundreds of providers to test and develop four payment models, which are intended to help hospitals and clinicians coordinate care more effectively. The bundled-payment initiative was authorized by last year's Patient Protection and Affordable Care Act.
"We look forward to reviewing the details of the application criteria, and we urge CMS to encourage applications for physician-led bundling initiatives," Dr. Cecil Wilson, immediate past president of the AMA, said in a statement on the AMA's website. "We urge CMS to be prepared to provide technical assistance and data to interested physicians who may not have experience with bundled payment models."
Providers are required to submit letters of intent to participate in the initiative before either Sept. 22 or Nov. 4, depending on which plan they intend to pursue, according to the CMS.
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