PYA has released an updated white paper that provides a step-by-step guide to participation in the Medicare Shared Savings Program.
As of 2017, there are 480 accountable care organizations (ACOs) participating in the Medicare Shared Savings Program (MSSP). Once considered a cutting-edge strategy, MSSP ACOs have become mainstream. The deadline to file a Notice of Intent to apply for 2018 is May 31, 2017.
Despite the complicated MSSP application process, providers can realize a number of benefits from the program, including a jump start on clinical integration efforts, opportunities to earn shared savings, access to Medicare claims data, improved scores on performance measures, better quality of care and patient satisfaction, and more.
PYA’s updated paper, Medicare ACO Road Map, offers concise, easy-to-follow instructions to navigate the rules and regulations for participation in the MSSP. The Roadmap, a key resource for organizations considering MSSP participation, covers five areas: (1) The Case for MSSP Participation, (2) ACO Formation and MSSP Application, (3) Operations, (4) Shared Savings Payments, and (5) Private Payer Programs. It also outlines key deadlines and what’s new now for 2018 participation.
“Experience has taught us that completing the MSSP application is no small feat, and interested providers should get started as soon as possible,” according to the paper’s authors. “…we have condensed the rules down to the core requirements. We arranged the information to facilitate substantive discussions and decision-making, rather than hand-wringing over every last regulatory provision.”