AXIOS November 2, 2022
The Biden administration is trying to jump start a Medicare program that pays health providers based on patient outcomes rather than by how many services they perform.
Why it matters: The alternative payment effort was created through the Affordable Care Act, but participation has plateaued since 2018 amid waning interest from providers.
Driving the news: The Biden administration finalized an overhaul of the initiative, known as the Medicare Shared Savings Program, on Tuesday. Changes include offering groups of providers in rural and other underserved areas upfront payments to help them start out in the program.
- The rule includes other provisions to make it less financial risky for provider groups to join, and makes it easier for participants to earn...
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Topics: ACO (Accountable Care), CMS, Govt Agencies, Insurance, Medicare, Payment Models, Provider, Value Based