CMS Announces 27 Shared Savings ACO Program Participants
On April 10, 2012, the Centers for Medicare & Medicaid Services (CMS) announced 27 organizations selected to participate in the Medicare Shared Savings Program.
As required by the Affordable Care Act, CMS established the Medicare Shared Savings ACO program. Under this program, ACOs are charged with improving care coordination for Medicare fee-for-service beneficiaries. ACOs that participate in the program have the opportunity to share in Medicare cost savings they achieve. In some circumstances, CMS holds ACOs accountable for failing to achieve cost savings (i.e., by making ACOs partially responsible for costs above established benchmarks).
Additional Medicare Shared Savings Program participants are expected to be announced later this year. For additional information about the program, please refer to the CMS Medicare Shared Savings Program website.