Fifteen more accountable care organizations around the country have elected to receive their Medicare reimbursements upfront. Find out whether any are in your region.
Fifteen more accountable care organizations (ACOs) have decided to get their payments for treating Medicare patients in advance by taking part in the advance payments ACO model, according to the Centers for Medicare and Medicaid Services (CMS), which oversees the public ACO program.
The latest advance payment participants join the five who announced in April that they were joining the program, bringing the number of advance payment participants to 20.
The advance payment model is designed primarily for ACOs who may have difficulty accessing capital, primarily those that are physician-based or that serve rural areas. “Through the advance payment ACO model, selected participants will receive upfront and monthly payments, which they can use to make important investments in their care coordination infrastructure,” according to CMS.
ACOs taking part in the advance payments model receive three types of payments:
The most recent advance payment model participants
CMS is accepting applications for the next round of advance payment model ACOs, which will begin January 1. For information about how to apply, visit the advance payment application page.
Go back to current issue of eConsult
HHS announces 89 new accountable care organizations
Shared Savings ACO physician leader optimistic
'Pioneer' Medicare ACOs launch nationwide
Revised accountable care organization program draws early praise
ACO Special Report: The right medicine for our ailing health system?