BOSTON, Mass., – Archway Health, a full-service, tech-enabled partner to healthcare organizations in risk-based payment programs, today announced improved metrics and data presentation for its Bundled Payments for Care Improvement (BPCI) Advanced Scorecard to help providers analyze and plan a successful transition to value-based care. The scorecard measures opportunity in the BPCI Advanced program by The Centers for Medicare and Medicaid Services (CMS), which is now open to providers for a second and final application opportunity.
Archway’s BPCI Advanced Scorecard is a free opportunity analysis for providers with performance data unique to their organization that offers a look at potential savings and opportunities in the program. With this information, providers can make an informed, data-driven decision about their BPCI Advanced participation before applying to the program by the June 24, 2019 deadline.
“The first question providers need to ask when considering BPCI Advanced is, ‘Is there a meaningful opportunity for our organization?’ and our Scorecard is an easy tool to answer that question,” said Keely Macmillan, General Manager of BPCI Advanced. “The program isn’t a one-size-fits-all approach, and as a result, providers really need to understand their unique profile and circumstances before deciding if it’s right for them.”
BPCI Advanced is a bundled payment program from the Center for Medicare and Medicaid Innovation that rewards healthcare providers for improving healthcare outcomes and lowering costs. The current open window allows a second cohort of participants to apply to the program, which will begin Model Year 3 on Jan. 1, 2020. CMS has stated that it does not plan to have further enrollment periods for Model Years 4 or 5.
“We feel strongly that providers should know their risk, and anyone even considering the program should submit a non-binding application, at the very least to get their most recent performance data from CMS,” said Dave Terry, Archway CEO and Co-founder. “These two steps are critical for providers and, given the open window, must be acted on quickly.”
Archway’s senior leaders have been involved in BPCI since the program began its original model in 2011. Equipped with a value-based care advisory team, advanced analytics, and care management support, Archway partners with specialists and hospitals to help them understand their opportunity in the program, improve clinical processes, and realize value through every step of BPCI Advanced.
Providers can request a BPCI Advanced Scorecard through Archway’s website.