This bill directs the Center for Medicare and Medicaid Innovation (CMI) to establish and implement a new payment model within one year of its enactment. This model will specifically test allowing blood transfusions furnished to individuals receiving hospice care to be paid for separately from the existing Medicare hospice all-inclusive per diem payment. Under this proposed model, the separate payment amount for blood transfusions would align with what would typically be paid if the transfusion were not part of hospice care. The CMI's evaluation of this model must compare participants with similar patients outside the model, using specific metrics such as hospital utilization, chemotherapy services, and transfusion frequency, to assess its impact.