Most accountable care organizations taking on downside risk in the Medicare Shared Savings Program are considering dropping out due to concerns they will suffer financial losses in response to the COVID-19 pandemic, according to a new survey. Fifty-six percent of risk-bearing ACOs said in a survey from the National Association of ACOs that they were very or somewhat likely to drop out of the Medicare program by May 31, which is the deadline the CMS offers to quit the program without being on the hook for losses. The survey had 81 participants, representing 42% of the program’s risk-bearing ACOs. The COVID-19 pandemic is causing concern among ACOs that they’ll incur penalties this performance year because routine, preventive care has been put on hold while at the same time healthcare costs are rising through more hospitalizations.
Read the full article: Medicare May Lose Majority of Risk-Bearing ACOs from Shared Savings Program //
Source: https://www.modernhealthcare.com/accountable-care/medicare-may-lose-majority-risk-bearing-acos-shared-savings-program