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By Health Capital Consultants, LLC
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A study published in the February 2026 issue of Health Affairs has provided the most comprehensive peer-reviewed evidence to date that voluntary bundled payment models are unlikely to generate meaningful or sustained savings for the Centers for Medicare & Medicaid Services (CMS). The findings arrive at a pivotal moment for Medicare payment policy, as CMS recently launched its new mandatory Transforming Episode Accountability Model (TEAM) and the CMS Innovation Center has signaled an increasing commitment to mandatory model designs.
This Health Capital Topics article examines the study’s key findings, implications for mandatory versus voluntary payment models, and the broader landscape of alternative payment model (APM) adoption. (Read more…)
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