Healthcare Economist July 7, 2021
In 2021, CMS expects to operate 12 alternative payment models (APMs) offering 25 distinct tracks for providers to choose from that involve different payment options and risk arrangement… providers serving about 20 percent of Medicare beneficiaries participate in this APM
That is a quote from a June 2021 MedPAC report on CMS APM’s serving Medicare beneficiaries. As the quotation indicates, there are a large number of APMs that Medicare is using. The largest is the Medicare Shared Savings Program (MSSP); about one-third of traditional Medicare fee-for-service beneficiaries participate are attributed to providers in MSSP. CMS’s goal for implementing these programs was to either reduce spending without reducing the quality of care or improve quality without increasing spending. CMS used seven...