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As healthcare providers continue to respond to the COVID-19 crisis, CMS is granting key flexibilities to participants in alternative payment models (APMs) managed by the agency’s Innovation Center.
CMS Administrator Seema Verma announced yesterday in a Health Affairs blog post that the agency is adjusting APM to address “the uniqueness of the situation.” Among the adjustments announced was the extension of the Next Generation ACO Model. The five-year accountable care organization (ACO) model is slated to sunset at the end of 2020.
In light of the operational challenges brought on by the COVID-19 pandemic, CMS has extended the model’s final performance period through the end of December 2021 much to the delight of ACOs and other provider groups.