CMS launches model to increase primary care investment in Medicare

Hi RCM Community Connections,

Review the below update and initiate from Medicare.

https://www.healthcaredive.com/news/cms-launches-primary-care-medicare-model-aco/710738/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202024-03-20%20Healthcare%20Dive:%20Payer%20%5Bissue:60269%5D&utm_term=Healthcare%20Dive:%20Payer

Value-based care and physician interest groups said the model should create a more stable cash flow for providers.

• The Biden administration is launching a new model aimed at improving primary care for Medicare beneficiaries.
• The five-year voluntary model, called ACO Primary Care Flex, will provide a one-time advance payment and monthly prospective payments to accountable care organizations, the CMS said Tuesday. The advanced payments will help ACOs invest in infrastructure and care design,?while the prospective payments will be distributed to primary care practices.
• Value-based care and physician interest groups cheered the model for creating a more stable cash flow for physician groups, though some aired concerns it would exclude certain providers. ACO Primary Care Flex will begin January 2025, and will be folded into the Medicare Shared Savings Program, a major value-based payment program in Medicare.?

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