The CMS Innovation Center plans to test a new oncology payment model intended to address the spiraling costs of cancer care and improve quality for beneficiaries. As part of a broader federal push to reward hospitals and doctors for value rather than the volume of services they provide, the CMS is inviting oncology practices and solo practitioners to join a five-year test set to begin in the spring of 2016.
To be considered, interested payers must submit a letter of intent to OncologyCareModel@cms.hhs.gov by 5 p.m. March 19. Interested practices must submit letters of intent by 5 p.m. April 23.
Payers and practices that submit a timely letter of intent will be sent an authenticated Web link and password with which to submit an electronic application. Applications must be submitted by 5 p.m. June 18.
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