The CMS Innovation Center has announced a new ACO model: the Next Generation Accountable Care Organization (ACO) Model of payment and care delivery, which they state "offers a new opportunity in accountable care—one that sets predictable financial targets, enables providers and beneficiaries greater opportunities to coordinate care, and aims to attain the highest quality standards of care."
The ACOs in the Next Generation ACO Model will take on greater performance risk than ACOs in current models, while also potentially sharing in a greater portion of savings. To support increased risk sharing, ACOs will have a stable, predictable benchmark and flexible payment options that support ACO investments in care improvement infrastructure that provides high quality care to patients.
CMS will accept ACOs into the Next Generation ACO Model through two rounds of applications in 2015 and 2016, with participation expected to last up to five years. Organizations interested in applying in 2015 must submit a Letter of Intent by May 1, 2015, and an application by June 1, 2015. Second round Letters of Intent and applications will be available in Spring 2016.
Beyond the specifics of the provisions that participating ACOs under the model will be subject to, there are further-reaching implications for all ACO stakeholders with respect to the impact the new model will have on the Medicare ACO program as a whole, and the entire accountable care movement.
Mark E. Lutes, Chair of Epstein Becker Green and the Chair of the firm's Board of Directors, and Doctor Vicky Parikh, an ACO thought leader involved with the development of five MSSP ACOs in the Mid-Atlantic region, will share their perspectives and address the provisions, impact and implications of the new model. Please join Mark Lutes and Dr. Vicky Parikh on Wednesday, April 22nd, 2015 at 1PM Eastern in this Healthcare Web Summit event as they discuss Impact of the New CMS ACO Model: Next Generation ACO Implications.
To purchase recording and materials: http://www.healthwebsummit.com/pastevents.htm
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