Monday
Jul022012
CMS to launch third group of Advance Payment ACOs
The Centers for Medicare and Medicaid Services will be launching a third group of Advance Payment Model ACOs on January 1, 2013, according to The Commonwealth Fund.
According to the article, the Advance Payment Model ACOs get expected savings from team-based care in the form of up-front payments. That helps them pay for both staff and health information technology needed to get the ACO up and running.
A CMS release states that applications for the program will be accepted from August 1, 2012 through September 19, 2012.
(Sources: The Commonwealth Fund, http://www.commonwealthfund.org/, July 2, 2012; Centers for Medicare and Medicaid Services, https://s3.amazonaws.com/public-inspection.federalregister.gov/, June 26, 2012)
Jeanne Henson | in Accountable Care Organization (ACO), Healthcare Reform, Payment Reform | tagged Centers for Medicare & Medicaid Services (CMS) | Comments Off | Share Article