CMS clarifies pioneer ACO model, extends application dates
While the comment period for the proposed rules of the Medicare Shared Savings Program closed yesterday, the Centers for Medicare & Medicaid today clarified the Pioneer Accountable Care Organization (ACO) Model. Separate from the Medicare Shared Savings Program, the CMS Innovation Center is offering the Pioneer ACO Model for more experienced organizations and providers who already coordinate care across multiple settings so they can reap the rewards earlier than Shared Savings participants.
The goal is to test how experienced organizations coordinate care with private payers to improve outcomes of Medicare beneficiaries; those practices may later be included in the Shared Savings Program.
CMS stressed the benefits of participating in the Pioneer ACO model, including a longer three-year commitment period with the option to extend to five years. In addition, participants who will experience more risk can also receive more rewards compared to the Shared Savings Program.
CMS extended application deadlines in response to providers who voiced concerns so that they now may have more time to put together a stronger application and gain organizational support. CMS extended the deadline for the required letter of intent by two weeks for a new due date of June 30. The letter of intent is nonbinding and will not be published online. CMS also extended the application deadline by a month for a new due date of August 19.
ACOs participating in the Pioneer Model cannot later participate in the Shared Savings Program.
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The letter of intent is nonbinding and will not be published online. CMS also extended the application deadline by a month for a new due date of August 19. ACOs participating in the Pioneer Model cannot later participate in the Shared Savings Program.
Pacira Pharmaceuticals Inc. (PCRX, $11.28, -$1.94, -14.67%) said the US Food and Drug Administration has extended its target date for reviewing the new drug application for Exparel by three months. The FDA has requested additional information from the
The Centers for Medicare and Medicaid Services (CMS) and The Joint Commission worked together to align the measure specifications for Quality Improvement Organizations (QIO). Now CMS links reimbursement to the hospital quality-of-care data.
Seniors are not always aware of how to successfully navigate the public benefits application process, especially when it comes to online applications. It's important to get out in front of the issue and look at how to address it in the most effective
To receive an application or inquire about the BI-PAP, please call 1-800-556-8317. Please note, while people of all ages are eligible for the program, applications can be sent only to people at least 18 years of age. To apply online go to www.
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