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Accountable care organizations (ACOs) in the Medicare Shared Savings Program and other shared risk models are worried the novel coronavirus pandemic could leave them responsible for shared losses beyond their control.
The National Association of ACOs (NAACOS) recently voiced these concerns in an email to CMS Administrator Seema Verma. In the email obtained by RevCycleIntelligence, NAACOS president and CEO Clif Gaus, ScD, urged CMS to provide flexibilities for ACOs in shared risk models to mitigate potential financial losses stemming from the virus’ outbreak in the US.
“The cost to the healthcare system to deal with a pandemic like this is unknown and unprecedented in our generation,” Gaus wrote in the email. “This significant strain on the healthcare system will likely result in a spending spike.”