The CMS released its Medicare Shared Savings Program application for 2012 and will accept applications beginning Dec. 1.
Late News: Medicare shared savings applications now available
The 21-page application, available on the CMS' website, seeks information on the legal and governance structure of accountable care organizations, provider participation agreements, data-sharing, and quality improvement and patient engagement efforts. The program, created by the Patient Protection and Affordable Care Act of 2010, offers hospitals and medical groups financial incentives to reduce costs and improve quality for a group of Medicare patients. The CMS announced in final rules released last month that it would stagger the start of the program over two dates: April 1 and July 1.
The agency posted deadlines for applications on its website. The CMS will take applications for the April 1 start date from Dec. 1, 2011, through Jan. 20, 2012, and federal officials will name those that are accepted on March 16, 2012. Applications for the July 1 start will be accepted from March 1-30, with the accountable care organizations to be named on May 31.
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.