Fifteen new ACOs will receive monthly payments to help them with care coordination costs, according to the CMS.
The 15 latest ACOs to receive advance payments operate in 10 states and join five ACOs that were selected in April, according to the CMS. They are already participating in the Medicare Shared Savings Program (MSSP), which began in January.
The advanced payment model is designed to support physician-based and rural ACOs in the MSSP who have come together voluntarily to give coordinated high quality care to the Medicare patients they serve, but have less access to capital. The selected participants will receive upfront and monthly payments, which they can use to invest in their care coordination infrastructure.
Together with the five Advance Payment ACOs announced in April, this brings the total number of Advance Payment ACOs to 20. The full list of participants can be found online.
CMS is urging organizations who are applying to participate in the MSSP, to apply to participate in the Advance Payment ACO Model as well. Interested organizations must apply to both to gain consideration.
Source: CMS, July 18, 2012
In 2012 Healthcare Benchmarks: Accountable Care Organizations, the numerous ways in which accountable care is transforming healthcare delivery, population health management, reimbursement for care and, most importantly to this year’s survey respondents, the patient experience, are documented.