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The Medicare Shared Savings Program lets hospitals, doctors, and other healthcare professionals create or join an accountable care organization (ACO). An ACO’s goal is to provide coordinated ...
The Medicare Shared Savings Program (MSSP) encourages healthcare providers to form Accountable Care Organizations (ACOs) to improve patient care and reduce costs. Learn more.
The US Department of Health and Human Services (DHHS) proposed the initial set of guidelines for the establishment of ACOs under the Medicare Shared Savings Program (PPACA Section 3201) on March 31, 2011. These guidelines stipulate the necessary steps that physician, hospital and other health care provider groups must complete to become an ACO.
The Medicare Shared Savings Program (MSSP) was established by section 3022 of the Affordable Care Act. It is the program by which an accountable care organization interacts with the federal government, and by which accountable care organizations can be created. [109] It is a fee-for-service model.
Universal American Subsidiary Receives Approval for Fifteen New Accountable Care Organizations under the Medicare Shared Savings Program Bringing Total to 31 ACOs WHITE PLAINS, N.Y.--(BUSINESS ...
ACO introduced the concept of rewards based on savings or "shared savings," which would later be applied to OCM. [5] [12] However, the results were mixed, with "only 31 percent of the nearly 400 ACOs" being successful in seeing returns. [5]
Medicare beneficiaries will be assigned to a PGP based on use of primary care physician services rather than use of services provided by physicians of any specialty; and; New quality measures have been added. [23] PGPs have the option of transitioning to Accountable Care Organizations (ACOs) under the Medicare Shared Savings Program. [24]
The Medicare Shared Savings ACO plan is just one example of many different risk-based payment models. As these payment models continue to grow, so too will the number of organizations that need a ...
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