CMS released a table of Alternative Payment Models for 2018 that highlights which alternative payment models (APMs) qualify as Advanced APMs this year. Wow, I am so excited. It’s almost like the feeling you would get if the Publisher’s Clearing House people came to your house. Before anyone gets too ecstatic, though, you first need to know the rules:
The document lists three criteria an APM must meet to be designated an Advanced APM. First, it must require participants to use certified electronic health record technology (CEHRT). Second, it must rely on quality measures comparable to those used under the Merit-based Incentive Payment System (MIPS) as the basis for providing payments. Third, it must either “be a Medical Home Model expanded under CMS Innovation Center authority” or require participating entities to assume a greater degree of financial risk.
Got it? Good. Now here is the list 38 APMs, 10 of which qualify as Advanced APMs, including the Bundled Payments for Care Improvement Advanced Model:
Okay, so are you a winner? Are you “Advanced”? I know I am. Hooray!!!!