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The Medicare Shared Savings Program In 2019: Positive Results During Major Transitions And On The Eve Of A Pandemic

October 20, 2020Garrett SchmittNo Comments

On September 14, the Centers for Medicare and Medicaid Services (CMS) released performance results for the seventh performance year (2019) of the Medicare Shared Savings Program (MSSP). Overall, 541 different accountable care organizations (ACOs) participated, and, consistent with our findings in prior years, ACOs continued to show year-over-year improved financial performance, generating $1.2 billion in net savings in performance year 2019 relative to CMS’s…

Key Considerations for Permanently Integrating Telehealth Coverage

October 16, 2020Garrett SchmittNo Comments

Telehealth is metamorphosing and payers will have to take steps in order to permanently integrate telehealth coverage as a key form of care delivery. When the coronavirus pandemic struck, Donna O’Shea, MD, chief medical officer of population health management for UnitedHealthcare, and other leaders at UnitedHealthcare watched as the payer’s telehealth claims shot up ten…

Referral ‘leakage’ drains health system finances

October 12, 2020Garrett SchmittNo Comments

Keeping patients in a provider’s network has become even more of a priority as health systems look to rebound from the COVID-19 pandemic, according to a new survey. Almost all of the 138 health system and hospital executives surveyed in January and February said minimizing so-called “patient leakage” was a priority in 2020, which is when…

Direct contracting favors new entrants over existing ACOs

October 10, 2020Garrett SchmittNo Comments

The Center for Medicare & Medicaid Innovation designed its direct-contracting program to attract providers that didn’t take part in its accountable care models. Experts predicted the model’s financial terms would entice new provider organizations. The Medicare Shared Savings Program “had a core problem: If you did not have an established patient base, you could not…

ACOs Announcing Millions in Shared Savings

October 8, 2020Garrett SchmittNo CommentsNAACOS

NAACOS reported that Medicare’s largest alternative payment model by far had another record year of savings while continuing to provide high-quality care, as shown by data on 2019 performance released by CMS. The Medicare Shared Savings Program, the accountable care organization (ACO) model that served 11.2 million seniors in 2019, collectively saved Medicare $2.6 billion last…

Establishing A Value-Based ‘New Normal’ For Telehealth

October 8, 2020Garrett SchmittNo Comments

The coronavirus (COVID-19) pandemic has necessitated an unprecedented level of innovation and redesign. One prominent manifestation is the catalyst of telehealth from fringe to mainstream. The impact of telehealth on quality and cost of care remains largely unknown. As policies facilitating this transition are set to expire with the public health emergency declaration, important decisions regarding…

How Accountable Care Organizations Can Survive the Next Healthcare Crisis

October 8, 2020Garrett SchmittNo Comments

Medical providers of all types have faced significant challenges to their finances and operations during the COVID-19 pandemic as patient volume declined and expenses for items such as personal protective equipment soared. For accountable care organizations (ACOs), many of which take on greater risk than other providers through value-based care arrangements, the challenges have been…

FLASH INTERVIEW — PointRight

October 7, 2020Garrett SchmittNo Comments

 Take the risk out of risk-sharing. PointRight analytics can help you create and manage high-performance networks for post-acute and long-term care. Get a view of performance across your network using market-leading analytics and share these insights with your providers to ensure transparency and mitigate risk. Visit the PointRight Exhibit Booth

Value-based Care After COVID-19: What Healthcare Leaders Need to Know

October 7, 2020Garrett SchmittNo Comments

There is no denying that COVID-19 threw an unexpected wrinkle into value-based care (VBC) contracts—but it might not be exactly the wrinkle we thought we’d see. Initial concerns that COVID-19 might scuttle VBC have calmed, largely due to Medicare’s efforts to work with providers carrying downside risk. In truth, COVID-19 only emphasized providers’ need to…

Citing COVID-19, providers push back on CMS payment rule rate cuts, telehealth rollback in 2021

October 6, 2020Garrett SchmittNo CommentsCMS, PFS, Seema Verma

Providers are fiercely opposing changes in two CMS payment rules for 2021, decrying physician rate cuts amid the COVID-19 pandemic, pushing for more telehealth flexibility and urging a stop to a controversial plan to eliminate the list of procedures that can be done on an inpatient-only basis. CMS released its annual proposals for the Physician…

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