Today, June 3, the Center for Medicare and Medicaid Innovation (CMMI) released new flexibilities and adjustments for payment models to help protect physicians during the COVID-19 pandemic. CMMI released a comprehensive table detailing the announced flexibilities for each of the payment models. The announcement was made in a blog post by the Centers for Medicare and Medicaid Services (CMS) Administrator Seema Verma, in which she details the current flexibilities for providers and how these newly announced changes complement existing waivers and protect patients and providers.
In determining what flexibilities the agency would provide during the emergency, the agency states they considered criteria such as: utilizing existing flexibilities, reducing reporting burdens, maintaining sufficient financial incentive, and ensuring minimal delays in model implementation. In previous interim final rules, the agency has provided certain flexibilities for a small subset of payment models. This announcement builds on these previous waivers and extends protections and flexibilities to a larger pool of providers engaging in value-based care arrangements.
In the announcement, CMMI states it will release additional model-specific flexibilities as information is available. More information about COVID-19 waivers and flexibilities is available on the CMS Coronavirus Waivers and Flexibilities website and the CMMI homepage.
For more information visit the McDermottPlus Payment Innovation Resource Center or contact Mara McDermott at 202-204-1462 or email@example.com.