By Blair Childs, Senior Vice President, Public Affairs
The Premier healthcare alliance applauds Reps. Peter Welch (D-VT), Suzan DelBene (D- WA), Darin LaHood (R-IL) and Brad Wenstrup (R-OH) for recognizing the need to continue to incent providers to transition from fee-for-service payment to value.
In particular, we are very pleased to see our long-standing recommendations included via this concrete legislative proposal, including extending provider bonuses an additional six years. We believe these incentives will encourage additional providers to participate in Alternative Payment Models (APMs) and ultimately speed the transition away from the perverse incentives inherent in fee-for-service reimbursement.
We also commend the Representatives for making improvements to the Medicare Shared Savings Program, including increasing the shared savings rate and removing distinctions that place hospital-led ACOs at a disadvantage.