CMS announces formation of new ACOs in Medicare

Centers for Medicare & Medicaid Services (CMS) announced that 106 new Medicare accountable care organizations (ACOs) were created that the agency predicts could give 4 million Medicare beneficiaries access to high-quality health care and save $940 million over the next 4 years under the Medicare Shared Savings Program.“Accountable Care Organizations save money for Medicare and deliver higher-quality care to people with Medicare,” Health and Human Services Secretary Kathleen Sebelius stated in a CMS press release. “Thanks to the Affordable Care Act, more doctors and hospitals are working together to give (Read more...)

Full Story →