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15 Sep 2017 ... New Acts Join the Shared SavingsProgram. CMS announced that 99 accountable Care Organizations (Acts)and 79 renewing Acts...
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How to fill out medicare shared savings program
How to fill out Medicare Shared Savings Program:
01
Gather necessary information: Before starting the application process, make sure you have all the required information on hand. This may include your Tax Identification Number (TIN), National Provider Identifier (NPI), contact information, and financial documents.
02
Complete the application form: Access the official Medicare Shared Savings Program application form and carefully fill it out. Provide accurate and updated information about your healthcare organization, including its legal name, address, and other identifying details.
03
Identify your track: Determine which track of the Medicare Shared Savings Program you wish to participate in. There are currently three tracks available, each offering different levels of financial risk and potential rewards. Consider your organization's capabilities and goals before making a decision.
04
Submit your application: Once the form is completed, submit your application electronically through the Centers for Medicare & Medicaid Services (CMS) web portal. Ensure that all required sections are properly filled out and any supporting documentation is attached if necessary.
05
Waiting for approval: After submission, your application will undergo review and evaluation by CMS. The approval process may take some time, so be patient and regularly check the status of your application through the CMS portal. If any additional information or clarifications are required, promptly provide them to expedite the approval process.
Who needs the Medicare Shared Savings Program?
01
Accountable Care Organizations (ACOs): ACOs are groups of healthcare providers, such as hospitals, physicians, and other care providers, who voluntarily join together to provide coordinated care to Medicare patients. These organizations aim to improve patient outcomes and achieve cost savings.
02
Healthcare Providers: Individual healthcare providers or groups may also consider participating in the Medicare Shared Savings Program to enhance their ability to coordinate care across different settings. By joining an ACO, providers collaborate with others to deliver more efficient healthcare services to Medicare beneficiaries.
03
Patients: The Medicare Shared Savings Program ultimately benefits Medicare beneficiaries. By participating in this program, ACOs and healthcare providers strive to improve patient care delivery, enhance care coordination, and achieve cost savings. As a result, patients may experience better health outcomes, more comprehensive care, and potential cost savings in their healthcare expenses.
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What is medicare shared savings program?
The Medicare Shared Savings Program (MSSP) is a program designed to promote accountability for a patient population and encourage investment in infrastructure and redesigned care processes for high quality and efficient service delivery.
Who is required to file medicare shared savings program?
Accountable Care Organizations (ACOs) are required to file for the Medicare Shared Savings Program.
How to fill out medicare shared savings program?
To fill out the Medicare Shared Savings Program, ACOs must submit data and reports to CMS according to program requirements and guidelines.
What is the purpose of medicare shared savings program?
The purpose of the Medicare Shared Savings Program is to improve the quality of care for Medicare beneficiaries while reducing costs by promoting accountability and coordination among providers.
What information must be reported on medicare shared savings program?
ACOs participating in the Medicare Shared Savings Program must report on quality measures, financial performance, and patient population health outcomes.
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