Lexology August 29, 2023
The Centers for Medicare and Medicaid (CMS) announced on August 24 that the Medicare Shared Savings Program (the MSSP) had the second-highest annual savings accrued for Medicare since the program’s initial launch in 2012 (2022 MSSP Report). That marks 2022 as the sixth consecutive year that the MSSP produced net savings and high-quality performance results, promoting the MSSP’s overarching goals of controlling costs and promoting clinical excellence.
The MSSP offers a collaborative, value-based opportunity for professionals and facilities to partner in accountable care organizations (ACO) and demonstrates that cost control can coincide with high-quality patient care. The MSSP aligns participant, enrollee, and payor incentives to improve health outcomes by promoting higher quality, coordinated care, while simultaneously decreasing unnecessary medical expenditures....
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