CMS on Tuesday unveiled a new voluntary bundled payment model, called Bundled Payments for Care Improvement Advanced (BPCI Advanced). Under the model, organizations can receive bundled payments for up to 32 different clinical episodes for which they will be held accountable for cost and quality. BPCI Advanced will count as an Advanced Alternative Payment Model (APM) under MACRA's Quality Payment Program. Applications open for the program on Jan. 11 and close on March 12.

The Daily Briefing's Josh Zeitlin spoke with several Advisory Board experts about what the new model will mean for providers. Join the experts for a webconference on Tuesday, Jan. 23, when they'll continue the conversation and surface more key takeaways.