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The Medicare Shared Savings Program is a value-based healthcare model designed by the CMS. The program encourages doctors, hospitals, and other healthcare providers to form or join ACOs, and it ...
The Medicare Shared Savings Program (MSSP) is a program to encourage cost reduction and more efficient care. Accountable care organizations (ACOs) are groups of healthcare professionals and ...
The Medicare Shared Savings Program is a three-year program during which ACOs accept responsibility for the overall quality, cost and care of a defined group of Medicare Fee-For-Services (FFS) beneficiaries. Under the program, ACOs are accountable for a minimum of 5,000 beneficiaries. [21]
The Demonstration is a prime example of the shared savings model of payment reform [3] and represents Medicare's first physician Pay-for-Performance initiative. [4] The three main goals of the PGP Demonstration are: To encourage physician participation in Parts A & B of the Medicare Program; To promote cost efficiency and quality of care; and
Conway also helped create Accountable Care Organizations (ACOs) and the Medicare shared savings program, [8] and led the CMS Innovation Center to transform the Medicare program, moving from zero payments in alternative payment models based on value to over 30% of Medicare payments.
The QMB program is one of four Medicare Savings Programs (MSPs). The other three programs are:. Specified Low-Income Medicare Beneficiary (SLMB) program. Qualifying Individual (QI) program
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