The CMS announced plans to accept applications for 2013 advanced-payment model accountable care organizations. As of Aug. 1, the agency will accept applications for the program, which offers small hospitals and medical groups access to upfront payments under the Medicare Shared Savings program, the CMS said.
The Shared Savings program was created under the Patient Protection and Affordable Care Act, which is facing a legal challenge before the U.S. Supreme Court that could invalidate the entire law. A decision is expected this month. The CMS named the first five advanced-payment ACOs in April. The CMS is expected to name another round of participants that will enter into shared savings contracts as of July 1.