VBID Model Extended Through 2030
- Room: Potomac 4-6
- Session Number: 504
Monday, October 16, 2023: 4:30 PM - 5:30 PM
Speaker(s)
Description
This session will cover the details of the Value-Based Insurance Design (VBID) Model – Hospice Benefit Component. Medicare Advantage (MA) has long had coverage for home health patients, but there has never been coverage for Hospice under the MA benefit. VBID is a demonstration that was set to end in 2025, has now been extended through 2030. There are multiple Medicare Advantage Organizations (MAO) that are participating and have coverage in multiple states. CMS is testing how the hospice benefit component can improve beneficiary care through greater care coordination, reduced fragmentation, and transparency in line with recommendations by the Office of Inspector General (OIG), the Medicare Payment Advisory Commission (MedPAC) and others. Hospice must prepare as more and more MAOs are participating in VBID to offer the hospice benefit to their beneficiaries.
Topic(s)
Methodology
Course Level: Intermediate; 1.2 Accounting CPEs (NASBA/RE) 1 Nursing CNEs contact hours, 1 Nursing Home/Asst. Living Adm. CEs (NAB/NCERS)
Handout(s)
Additional Info
Learning Objective 1:
Detail the components of the VBID Model Phase 3 and beyond.
Learning Objective 2:
Discuss contracting with MAOs and the Network requirements the MAOs must meet.
Learning Objective 3:
Outline the six core elements of the hospice benefit being included in the VBID Model with details of billing requirements.
Primary Target Audience:
Hospice