Bundled care models are increasing in use, with some, such as Medicare's Comprehensive Care for Joint Replacement Model, which is mandatory in certain areas of the country, or the Bundled Payment for Care Improvement Advanced Model (BPCI Advanced). But deciding whether to participate in a bundled care program—or any alternative payment model—can be a complex process, and one that requires careful analysis of your practice.

There are upsides and downsides to bundled payment models worth considering. Here are the major pros and cons to keep in mind.