On April 22, 2019, the Centers for Medicare & Medicaid Services (CMS) launched the "Primary Cares Initiative" to implement five new value-based primary care models for Medicare fee-for-service (FFS) beneficiaries. CMS projects that nearly 11 million Medicare beneficiaries (25% of the total Medicare FFS population) could be served through the five new models. The initiative, to be administered through the CMS Innovation Center, includes five payment model options under two paths: Primary Care First (two options) and Direct Contracting (three options). Primary Care First is a five-year, multi-payer demonstration that begins in January 2020. Direct . . .