501 Health Care Practices Across the Country Urge Congress to Act to Protect Value-Based Care Incentives
WASHINGTON, Dec. 2, 2020 /PRNewswire/ -- Next Generation ACO Coalition members joined hundreds of health care practices across the US today in a letter calling on Congressional leaders to act to ensure access to strong financial incentives for clinicians participating in two-sided risk models that deliver high quality, coordinated, cost-effective care.
Congress enacted legislation – the bipartisan Medicare Access and CHIP Reauthorization Act (MACRA) – established an incentive payment for providers who participate in Advanced Alternative Payment Models (APMs). The law included a five percent Medicare bonus intended to accelerate the transformation away from fee-for-service, volume-based reimbursement. This funding helps clinicians continue to build on the success of these models, driving further innovation that benefits patients. To qualify for the bonus, Advanced APMs must achieve certain revenue or patient count thresholds to demonstrate sufficient shifts to risk-bearing models.
Both the revenue and patient participation thresholds for the advanced APM bonus are scheduled to significantly increase in 2021. To currently qualify for the five percent bonus clinicians must have 50 percent of payments or 35 percent of patients in an advanced APM. In 2021, the thresholds jump to 75 percent of payments or 50 percent of patients. These dramatic increases will cause many clinicians, including those participating in the highest levels of financial risk available in the Medicare program, to lose the opportunity to qualify for a bonus payment.
"Next Generation ACOs and their clinicians are participating in the highest level of risk bearing model currently available in traditional Medicare," said Mara McDermott, Next Generation ACO Coalition's Executive Director. "For them to miss out on their bonus opportunity would go against the intent of MACRA and its value-based care incentives."
Today, 501 practices, including Next Generation accountable care organizations (ACOs), are calling on Leadership in the House and Senate to freeze the MACRA APM thresholds at the 2020 levels for the next two performance years. "This freeze will give us the flexibility and financial security we need to continue to innovate and improve population health for our patients, as well as to continue to drive forward models that create a fiscally health future for the Medicare program" the letter states.
The increased threshold is set to take effect January 1, 2021.
About Next Generation ACO Coalition
The Next Generation ACO Coalition represents ACOs across the country who are working to improve care and lower costs through risk-bearing alternative payment models. For more information, visit our website.
SOURCE Next Generation ACO Coalition
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