CMS Announces 89 New ACOs
The Centers for Medicare & Medicaid Services announced 89 new Accountable Care Organizations (ACOs) to the Medicare Shared Savings Program. The 89 new ACOs will coordinate care for nearly 1.2 million beneficiaries in 40 states and Washington, D.C. This brings the total number of providers participating in the program to 154, serving over 2.4 million Medicare patients across the country. Five of the new ACOs applied for a version of the program that allows them to earn a higher share of savings by being held accountable for a share of the losses if costs increase, according to the CMS fact sheet. The application period to participate in the Medicare Shared Savings Program for next year will open on August 1 through September 6 of this year.