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The Centers for Medicare and Medicaid Services (CMS) has opened applications for the second cohort of the Primary Care First (PCF) value-based payment model which seeks to drive down costs and increase quality of care.
As the healthcare industry moves toward value-based care delivery, the PCF model will explore if switching from fee-for-service to Medicare performance-based payments could increase quality of care and reduce overall Medicare costs.
Through the model’s performance-based payment adjustments, participating practices in eligible regions will be rewarded for positive patient outcomes. Additionally, these practices will have more flexibility in tailoring their care delivery approaches to address the needs of unique patient populations than practices in traditional fee-for-service models.