Medicare Shared Savings Program: Final Rule Creates Pathways to Success
Friday, January 4, 2019
On Dec. 21, CMS issued a final rule that sets a new direction for the Medicare Shared Savings Program (Shared Savings Program). Referred to as “Pathways to Success,” this new direction for the Shared Savings Program redesigns the participation options available under the program to encourage Accountable Care Organizations (ACOs) to transition to performance based risk more quickly and, for eligible ACOs, incrementally, to increase savings for the Trust Funds.
In connection with the program redesign, we will offer an application cycle for a one-time new agreement period start date of July 1, 2019:
Avoids an interruption in participation by ACOs with a participation agreement ending on Dec. 31, 2018, that elected to extend their current agreement period for an additional 6-month performance year.
Provides new and currently participating ACOs time to review new policies, make business and investment decisions, and complete and submit an application under the new BASIC or ENHANCED track.
New and existing ACOs interested in applying must complete the non-binding Notice of Intent to Apply, which will be available Jan. 2-18. See the Application Types & Timeline webpage for eligibility requirements, key timelines, and detailed instructions on the submission process. CMS will resume the usual annual application cycle for agreement periods starting on Jan. 1, 2020, and in subsequent years.
The final rule includes:
- Final policy for extreme and uncontrollable circumstances for performance year 2017
- New BASIC and ENHANCED tracks and 5-year agreement periods
- Updated repayment mechanism requirements for two-sided model ACOs
- Rigorous benchmarking using regional benchmarks for all agreement periods
- Reduced opportunities for gaming to ensure program integrity
- Annual choice of assignment methodology
- Expanded use of telehealth for practitioners in ACOs in performance-based risk arrangements
- Expanded eligibility for Skilled Nursing Facility 3-Day Rule Waiver
- Beneficiary incentive programs
- Beneficiary notification
- Claims-based assignment with beneficiary opt-in
For More Information:
See the full text of this excerpted CMS Fact Sheet (issued Dec. 21).