The Centers for Medicare & Medicaid Services (CMS) announced yesterday that 359,000 participants have been confirmed to participate in Alternative Payment Models (APMs) in 2017.
The new APMs under MACRA emphasize quality of care for patients by reimbursing providers based upon patient outcomes as opposed to the traditional fee-for-service model. The new announcement includes participants in four of the CMS’s APMs, including the Medicare Shared Savings Program, Next Generation Accountable Care Organization Model, Comprehensive End-Stage Renal Disease Care Model, and Comprehensive Primary Care Plus Model.
CMS Acting Administrator Andy Slavitt spoke to the renewed focus on patient-centered care in yesterday’s release:
By listening to physicians and engaging them as partners, CMS has been able to develop innovative payment reforms that bring physicians back to the core practice of medicine – caring for the patient. By reducing regulatory burden and paying for quality, CMS is offering solutions that improve the quality of services our beneficiaries receive and reduce costs, to help ensure the Medicare program is sustainable for generations to come.