CMS Announces Fifteen New Advance Payment ACOs
Published on: July 23, 2012
Earlier this month, CMS announced the names of the organizations that began participating in the Medicare Shared Savings Program on July 1. CMS has announced that 15 of those Accountable Care Organizations (ACOs) will also be participating in the Advance Payments ACO Model.
The Advance Payment ACO Model is designed to support physician-based and rural ACOs in the Medicare Shared Savings Program who have less access to capital. 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.
Together with the five Advance Payment ACOs announced in April, today's announcement brings the total number of Advance Payment ACOs to 20.
CMS will also be allowing organizations who are applying to participate in the Medicare Shared Savings Program beginning January 1, 2012, to apply to participate in the Advance Payment ACO Model. Interested organizations must apply to both the Medicare Shared Savings Program and the Advance Payment ACO Model to gain consideration.