The Centers for Medicare and Medicaid Services is seeking participants for new rounds of its Bundled Payment programs under Medicare, Medicaid and Children’s Health Insurance Program.

Under bundled payment, providers in a single organization or working with other providers accept a specific payment for an entire episode of care, rather than reimbursement of individual services given during the course of treatment. Providers may also commit to meeting certain quality metrics. The goal is to reduce costs while increasing quality.

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