A longtime leader in healthcare improvement, we’re developing new ways to revolutionize the industry.
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.
Contact: Public_Relations@premierinc.com