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New Money Available to Family Physicians
Take Advantage of Latest Advance Payment ACO Model Funding Opportunity
By News Staff
Then, on Aug. 1, CMS' Center for Medicare and Medicaid Innovation (CMMI) will start accepting applications for this third round of advance payment model ACOs, which is set to begin on Jan.1, 2013.
The advance payment model program was created by the CMMI to provide certain physicians with the upfront money they would need to invest in infrastructure and increased staffing; both are necessary to enable physicians to lead the care coordination called for in the ACO model.
The program specifically targets physician-based ACOs and physicians located in rural areas.
First 27 ACOs Chosen for Medicare Shared Savings Program