Direct Contracting Model Updates
The Centers for Medicare and Medicaid Services Innovation Center announced that those interested in applying to participate in the Direct Contracting Model have another chance to submit a Letter of Intent (LOI) if they haven’t done so already. An LOI is needed to access the application portal, and applications are due by midnight ET on July 6. The site to submit a LOI is here.
Hospice and palliative care services can be a key component of a Direct Contracting entity’s strategy for their seriously ill population. Providers are encouraged to learn about the model and opportunities to participate through contracting with a Direct Contracting entity.
Additionally, the CMS Innovation Center said an LOI won’t be required to apply for the performance period starting on January 2022. That application cycle should take place early next year. Direct Contracting Entities accepted for Performance Year 1 may defer their start until 2022.
Information on the Direct Contracting Model is available on the CMS website.
Do you need more info on how the Direct Contracting Model impacts your organization?
If you are not planning to apply for Direct Contracting by July 6, but want to participate as a preferred or participant provider, please join NHPCO for a webinar on the CMMI Direct Contracting Model on July 8 at 4:00pm ET. Direct Contracting is a set of three voluntary payment model options aimed at reducing expenditures and preserving or enhancing quality of care for beneficiaries in Medicare fee-for-service (FFS). The payment model options available under Direct Contracting create opportunities for a broad range of organizations to participate with CMS in testing the next evolution of risk-sharing arrangements. David Ault, Counsel at Faegre Drinker Biddle & Reath LLP, will be joining us as a guest speaker to provide a deep-dive into Direct Contracting and how it impacts the hospice and palliative care community. Registration link is available here.