January 1 marked the second start date for Accountable Care Organizations participating in newly redesigned model of the Medicare Shared Savings Program requiring them to take financial risk. For the January 1, 2020 start date, CMS approved 53 applications for new ACOs and 100 applications for renewing ACOs, according to Centers for Medicare and Medicaid Services Administrator Seema Verma, in a blog posted on Health Affairs. “I’m especially proud to report that the number of ACOs taking on risk for cost increases has grown significantly — from 93 ACOs at the start of 2019 to 192 at the start of 2020,” Verma said. But the National Association of Accountable Care Organizations countered that overall participation in the Medicare Shared Savings Program remains flat following landmark changes CMS enacted in 2018.
Read the full article: ACOs in the MSSP Model Head into Future Risk //
Source: https://www.healthcarefinancenews.com/node/139661