HealthExec November 3, 2022
Accountable care organizations (ACOs) were handed a big win in the 2023 Physician Fee Schedule (PFS) with several changes to the shared savings program that will likely encourage participation.
The Centers for Medicare and Medicaid Services (CMS) finalized changes to the Medicare Shared Savings Program, which is the nation’s largest ACO program that covers more than 11 million people with Medicare and includes more than 500,000 healthcare providers. ACOs, which are groups of healthcare providers that work together to coordinate care and lower costs, while also taking on positive and downside financial risks. ACOs have achieved big savings wins over the last several years, including saving CMS more than $4 billion in 2020 with more than 500 participating ACOs.
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