By Blair Childs, Senior Vice President of Public Affairs
Today, Premier joined eight other healthcare organizations in urging the Centers for Medicare & Medicaid Services (CMS) to consider approaches that will allow accountable care organizations (ACOs) to continue critical functions while also mitigating the impact of COVID-19. Premier survey results released earlier this week revealed that ACOs and healthcare providers in other alternative payment models (APMs) are relying heavily on their population health capabilities to manage the COVID-19 pandemic and prevent the spread of the disease. The survey also showed the heavy financial toll the pandemic is exacting, with 85 percent of respondents indicating revenue reductions of 30 percent or more.
The Administration must keep ACOs invested in this model, allowing organizations additional time to voluntarily exit from the model, providing an option for ACOs to move to downside risk with capped upside risk, and accelerating shared savings and Advanced APM bonus payments to improve their financial viability. These recommendations align with Premier’s earlier requests to CMS aimed at maintaining the movement to value-based care.
About Premier, Inc.
Premier Inc. (NASDAQ: PINC) is a leading healthcare improvement company, uniting an alliance of more than 4,000 U.S. hospitals and health systems and approximately 175,000 other providers and organizations to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, and consulting and other services, Premier enables better care and outcomes at a lower cost. Premier plays a critical role in the rapidly evolving healthcare industry, collaborating with members to co-develop long-term innovations that reinvent and improve the way care is delivered to patients nationwide. Headquartered in Charlotte, N.C., Premier is passionate about transforming American healthcare. Please visit Premier’s news and investor sites on www.premierinc.com; as well as Twitter, Facebook, LinkedIn, YouTube, Instagram and Premier’s blog for more information about the company.