CMS has announced deadlines for its Advance Payment Accountable Care Organization Model, an initiative designed for organizations participating in the Medicare Shared Savings Program that will allow ACOs to receive advance payments recouped from shared savings they earn.
There are two start dates in 2012 for the Advanced Payment Program — April and July.
Applications will be accepted from Jan. 3-Feb. 1, 2012 for the April 1 start date. Applications will be accepted from March 1-March 30, 2012 for the July 1 start date. This timeline is consistent with the Shared Savings Program.
CMS emphasized that the Advance Payment Model application does not require a notice or letter of intent.
The program is open to two types of ACOs participating in the Medicare Shared Savings Program: (1) those that do not include any inpatient facilities and also have less than $50 million in total annual revenue, and (2) those in which the only inpatient facilities are critical access hospitals and/or Medicare low-volume rural hospitals and have less than $80 million in total annual revenue.
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There are two start dates in 2012 for the Advanced Payment Program — April and July.
Applications will be accepted from Jan. 3-Feb. 1, 2012 for the April 1 start date. Applications will be accepted from March 1-March 30, 2012 for the July 1 start date. This timeline is consistent with the Shared Savings Program.
CMS emphasized that the Advance Payment Model application does not require a notice or letter of intent.
The program is open to two types of ACOs participating in the Medicare Shared Savings Program: (1) those that do not include any inpatient facilities and also have less than $50 million in total annual revenue, and (2) those in which the only inpatient facilities are critical access hospitals and/or Medicare low-volume rural hospitals and have less than $80 million in total annual revenue.
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