BPCI Advanced Model Year 4 pricing methodology changes: What does this mean for participants?

The Centers for Medicare and Medicaid Services has announced important changes to the Bundled Payment for Care Improvement Advanced model for Model Year 4. These changes are designed to improve target price accuracy and help bolster the long-term sustainability of the model. This paper discusses the methodological changes for Model Year 4 and explores the impact the changes might have on participants.