What does Ngaco stand for?

What does Ngaco stand for?

Fact sheet Next Generation Accountable Care Organization Model (NGACO Model)

NGACO Model Name Location
Henry Ford Physician Accountable Care Organization Detroit, Michigan
Iowa Health Accountable Care West Des Moines, Iowa
Optum Accountable Care Organization Phoenix, Arizona
MemorialCare Regional ACO Fountain Valley, California

What is MSSP Medicare?

The Affordable Care Act (ACA) established the Medicare Shared Savings Program (MSSP) to facilitate coordination and cooperation among healthcare providers, in order to improve the quality of care for Medicare Fee-For-Service (FFS) beneficiaries and reduce unnecessary costs.

What is next generation payment models?

The Next Generation ACO Model is an initiative for ACOs that are experienced in coordinating care for populations of patients. It allows these provider groups to assume higher levels of financial risk and reward than are available under the Shared Savings Program (MSSP).

What is CMS Medicare Shared Savings Program?

The Shared Savings Program is a voluntary program that encourages groups of doctors, hospitals, and other health care providers to come together as an ACO to give coordinated, high quality care to their Medicare beneficiaries. To learn more about ACOs, visit the Accountable Care Organizations webpage.

Are ACOs only for Medicare?

Hospitals, physician practices and insurers across the country, from New Hampshire to Arizona, are announcing their plans to form ACOs, not only for Medicare beneficiaries but for patients with private insurance as well. Some groups have already created what they call ACOs.

Is Trinity Health an ACO?

Trinity Health ACO, a Next Generation Accountable Care Organization (ACO), achieved a nearly 98 percent quality performance score and $22.4 million in shared savings in performance year 2018. The Next Generation ACO Model was created by the Centers for Medicare & Medicaid Services (CMS) and is in its fourth year.

Is MSSP and ACO?

Currently, 561 MSSP ACOs provide care to 10.5 million beneficiaries nationwide, according to the Centers for Medicare & Medicaid Services (CMS). A Next Generation ACO is similar to a traditional ACO; however, participants assume a higher level of financial risk.

Are ACOs only for Medicare patients?

Why would a physician join an ACO?

ACOs can provide opportunities for physicians and practices to operate more efficiently and share in health care cost savings, while saving patients time, money and effort on unnecessary visits and medical procedures. If you decide to join an ACO, make sure you carefully weigh the potential risks and rewards first.