The Centers for Medicare & Medicaid Services is accepting through July 31 additional applications from hospitals to participate in Model 1 of the Bundled Payments for Care Improvement Initiative. The Medicare demonstration includes four models of care that bundle payments for multiple services received during an episode of inpatient and/or post-acute care. Model 1, open to acute-care hospitals paid under the inpatient prospective payment system, defines the episode of care as an inpatient stay. Participants agree to provide a standard discount to Medicare from the usual Part A hospital inpatient payments. For more information, see the CMS notice published in May or visit innovation.cms.gov/initiatives/BPCI-Model-1.