If you’re a seasoned healthcare provider already up to your ears in paperwork, the words “CMS reporting requirements” may send shivers down your spine.
This time it’s for the new Guiding an Improved Dementia Experience (GUIDE) model, a voluntary nationwide 8-year program, announced by the Center for Medicare and Medicaid Services (CMS).
CMS is a U.S. federal government agency that provides healthcare coverage for more than 160 million patients through Medicare, Medicaid, and more.
With the promise of big benefits for patients, caregivers, and healthcare providers alike, the GUIDE is nevertheless a huge change. Many providers are scrambling to understand how to participate in this new model.
So what standards need to be met, and what data collection is required?
Don’t worry. We'll break down the CMS data reporting requirements, so you can make an informed decision before you apply.
The U.S. healthcare landscape is undergoing a rapid transformation. As the population ages, chronic diseases like dementia and Alzheimer's are becoming increasingly prevalent.
The new GUIDE model prioritizes health equity, ensuring all patients, regardless of background, have access to quality dementia care. As a participant, you play a crucial role in achieving this goal.
Participating in the GUIDE model allows healthcare organizations to explore innovative methods of team-based dementia care. This helps improve patient outcomes and alleviate caregiver burden.
In addition, GUIDE participants will receive monthly payments based on the quality of care they deliver, and the number of beneficiaries they support. In other words, successful participation and CMS reporting may mean increased revenue for your business.
Active data collection is a critical component of the new model. Reporting data demonstrates your efforts to reach underserved populations, and contribute to a more inclusive healthcare landscape. Remember, your valuable feedback contributes to the program’s overall long-term success and improvement.
In the new GUIDE model, meticulous data tracking for participating healthcare organizations is not only best practice, but it is required for participation.
Participants of the GUIDE model will need to independently collect and track data, including but not limited to:
These reports will allow CMS and CMMI (Center for Medicare and Medicaid Innovation) to monitor and evaluate the success of the GUIDE model on an ongoing basis.
In turn, CMS plans to share data feedback with participants through a specified GUIDE dashboard. These reports will also help CMS compensate providers on a per beneficiary per month (PBPM) basis, known as a dementia care management payment (DCMP).
CMS will determine DCMP rates by:
For more details on the CMS’ payment methodology, please visit the CMS FAQ page.
The new model for dementia care signifies a positive step towards a future where patients receive the support they need. While some aspects remain uncertain, the program's adaptability and focus on continuous improvement are encouraging.
By actively engaging with the model and providing valuable feedback, you'll be instrumental in shaping a brighter future for dementia care.
Spend less time on CMS reporting and more time providing exceptional care to your dementia patients.
The GUIDE Model presents exciting opportunities to improve patient outcomes and potentially increase reimbursement. Let us guide you through the program, maximizing its benefits while minimizing administrative burdens.
Contact us today and ensure your organization thrives in this new era of dementia care.