A new report from the Congressional Budget Office summarizes research related to Medicare ACOs and the factors that have contributed to or limited their ability to achieve net budgetary savings. CBO finds that ACOs led by independent physician groups are associated with greater gross and net savings for the Medicare program. The report highlights several policies that could increase savings, including making participation more attractive by restructuring and extending the Alternative Payment Model (APM) incentive payments. The report can be found here: https://lnkd.in/gbyWqcGe
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Having begun my career at the Congressional Budget Office, it was fun to read the analysis of a topic that is top of mind for Oasis Health Partners. I appreciate the CBO's findings regarding the types of ACOs associated with greater savings--specifically those led by independent physician groups, ACOs with a larger proportion of primary care providers and ACOs whose initial baseline spending was generally higher than the regional average. These are exactly the factors we focus on in choosing our partners in a market as it aligns with our mission to build healthier communities by advancing primary care. We focus on the independents PCPs as the ones with the free will to optimize care for their patients. It's not uncommon their performance is considered lower than average when we begin our partnership. What we typically find though is that is not at all due to clinical quality but rather whether they have engaged in managing their patients in the ways needed to perform in value based care.
CBO summarizes recent research findings about Medicare accountable care organizations and the factors that have contributed to or limited their ability to achieve net budgetary savings for the Medicare program.
Medicare Accountable Care Organizations: Past Performance and Future Directions
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Excellent overview and recommendations from the Congressional Budget Office on the current state of #aco. Pithy and to the point findings and recommendations. One observation that doesn't have a simple solution, but one that many individuals who have worked in the #MSSP / #ACOREACH space is ACOs whose initial baseline spending was higher than the regional average have larger savings than ACOs that don't... https://lnkd.in/gJVzVKYZ
CBO summarizes recent research findings about Medicare accountable care organizations and the factors that have contributed to or limited their ability to achieve net budgetary savings for the Medicare program.
Medicare Accountable Care Organizations: Past Performance and Future Directions
cbo.gov
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Helping organizations gain a clear path towards impactful benefits and plan programs, a healthier population and bottom line.
Becker's concise overview of the Harvard-Inovalon Medicare Study: Quality Outcomes Under Medicare Advantage vs. Medicare Fee-for-Service, highlights 5 key takeaways. The newly published report on Medicare Advantage enrollees sheds new light on the quality improvements that MA delivers for beneficiaries. The analysis draws from Inovalon's exceptional dataset—a cornerstone of this groundbreaking research. http://ow.ly/OM9a10503OA
Medicare Advantage members have fewer hospital readmissions than traditional Medicare: Report
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Becker's concise overview of the Harvard-Inovalon Medicare Study: Quality Outcomes Under Medicare Advantage vs. Medicare Fee-for-Service, highlights 5 key takeaways. The newly published report on Medicare Advantage enrollees sheds new light on the quality improvements that MA delivers for beneficiaries. The analysis draws from Inovalon's exceptional dataset—a cornerstone of this groundbreaking research. http://ow.ly/OM9a10503OA
Medicare Advantage members have fewer hospital readmissions than traditional Medicare: Report
beckerspayer.com
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Becker's concise overview of the Harvard-Inovalon Medicare Study: Quality Outcomes Under Medicare Advantage vs. Medicare Fee-for-Service, highlights 5 key takeaways. The newly published report on Medicare Advantage enrollees sheds new light on the quality improvements that MA delivers for beneficiaries. The analysis draws from Inovalon's exceptional dataset—a cornerstone of this groundbreaking research. http://ow.ly/OM9a10503OA
Medicare Advantage members have fewer hospital readmissions than traditional Medicare: Report
beckerspayer.com
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The Senate Finance Committee has released a white paper titled “Bolstering Chronic Care through Physician Payment: Current Challenges and Policy Options in Medicare Part B.” While the paper does not make specific policy recommendations, it explains the policy issues the Committee has identified and its views on possible solutions to these issues. Learn more about the white paper at https://bit.ly/4cv3Ie3
Senate Finance Committee Releases White Paper on Medicare Payment Reform - ADVOCATE Radiology & Billing
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Advocate for pediatricians and practices to ensure children thrive. Founder & CEO, Covenant Care Pediatrics & Breastfeeding. Newborn hospitalist. Evidence based peds, practice management. A joyful heart is good medicine.
Here we go again. Medicare proposes a reduction of 2.8% in the conversion factor for 2025. Meanwhile, the annual inflation rate in 2024 is 3.3%. The average increase in operating costs for medical practices was 12.5% in 2023. https://lnkd.in/erHPCBYx
MGMA statement on proposed 2025 Medicare Physician Fee Schedule (July 10, 2024)
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WA physicians: We need you to contact your member of Congress before the end of the year to stop a 3.4% Medicare cut in 2024! Learn what the WSMA is doing on this issue and use the American Medical Association's simple tool to contact your legislator here: https://bit.ly/47rvEN3 #FixMedicareNow
Contact your Member of Congress Today to Stop Year-End Medicare Cuts
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📢 Government report: physician-led ACOs drive greater Medicare savings 📢 A report last month from the nonpartisan Congressional Budget Office (CBO) confirms what many have long believed: Accountable Care Organizations (ACOs) run by independent doctors save Medicare a lot more money than those run by hospitals. Why? ACOs led by independent doctors have strong reasons to cut down on hospital care, which saves money. By contrast, hospital-led ACOs have conflicting incentives because they benefit from fee-for-service revenue when patients get hospitalized. ACOs with more primary care doctors and those with higher initial spending save more money too. These findings are important as Medicare plans to have all 34 million beneficiaries in value-based care by 2030. At Radial, we believe that smart technology can help all ACOs – both physician-led and hospital-led – to achieve better outcomes and savings. A link to the CBO report appears in the comments. #Medicare #ACOs #ValueBasedCare
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New Insights from the Congressional Budget Office on Medicare ACOs: This comprehensive report evaluates the performance of Medicare accountable care organizations (ACOs) and identifies key factors that influence their financial outcomes. It details why ACOs led by independent physician groups or those with a higher baseline spending achieve greater savings, and explore suggested policy improvements that could enhance their effectiveness. #HealthcarePolicy #Medicare #ACOs https://lnkd.in/e99vzHe7
https://www.cbo.gov/system/files/2024-04/59879-Medicare-ACOs.pdf
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