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13 CFO / FINANCE CMS unveils 5 new payment models to overhaul primary care: 6 notes By Ayla Ellison C MS' Innovation Center is launching an initiative that provides primary care practices with five new payment options, includ- ing three direct contracting models. Six things to know: 1. e CMS Primary Cares Initiative will provide the new payment model options under two paths: Primary Care First and Direct Con- tracting. 2. e two payment models offered under the PCF track are aimed at individual primary care practices, while the DC model options are aimed at larger practices, health systems and other organizations that have experience with risk-based contracts. 3. e new models link performance to payments to varying degrees. CMS said the PCF options seek to reduce hospital use and total cost of care through performance-based adjustments. e DC payment options provide participants with a range of financial risk arrange- ments and focus on care for patients with complex, chronic needs and serious illness. 4. e PCF models will be tested for five years and are slated to begin in January 2020. Two of the DC options will begin in Janu- ary 2020 with an initial alignment year, and a third option, the geographic model, is expected to launch in January 2021 and run for five years. 5. CMS expects 25 percent of primary care providers to join one of the five models. 6. e American Medical Association is pleased with the new pay- ment options. "Providing adequate financial support for high quality primary care must be an essential element of any strategy to improve the quality and affordability of our country's healthcare system," Gerald Har- mon, MD, immediate past chair of the AMA board of trustees, said in a press release. "Many primary care physicians have been struggling to deliver the care their patients need and to financially sustain their practices under current Medicare payments. e new primary care payment models announced today will provide practices with more resources and more flexibility to deliver the highest-quality care to their patients." n 3,800+ ATTENDEES FROM HOSPITALS AND HEALTH SYSTEMS ACROSS THE NATION REGISTER BY AUGUST 1, 2019 AND SAVE! CELEBRITY KEYNOTES BY 5TH ANNUAL HEALTH IT + REVENUE CYCLE CONFERENCE OCTOBER 9-12, 2019 HYATT REGENCY | CHICAGO, ILLINOIS REGISTER HERE www.beckershospitalreview.com/health-it-revenue- cycle-conference registration@beckershealthcare.com, jcole@beckershealthcare.com, sbecker@ beckershealthcare.com or 800.417.2035. Hear 215+ speakers from hospitals and health systems - focused on Health IT and Revenue Cycle 215+ GREAT HOSPITAL AND HEALTH SYSTEM LEADERS SPEAKING Hilary Clinton Former U.S. Secretar y of State and Former U.S. Senator for New York Peyton Manning NFL Legend Kevin O'Leary MBA, Chairman, O'Shares ETF Investments, and Star, ABC's Shark Tank Contact us today to get started! 888-416-2409 bids@eSutures.com Sell Your Surgical Surplus to eSutures.com! In only a few days, you can turn excess inventory into usable capital with our simple and streamlined process. For more information, or to begin the bid process, please call 888-416-2409 or email bids@eSutures.com. eSutures.com is interested in purchasing your in-date, short-dated and expired products in full selling units, open boxes and even individual, loose units. • Ethicon Suture • Ethicon Endosurgery • Covidien Suture • Covidien Endosurgery • Synthes • Arthrex • Bard • Gore • Masimo • Applied Medical and more! WE CAN PURCHASE: