Value-Based Care Platform Joining CMS Advance Investment Payments (AIP) Incentive Program
Providers in rural areas that use VBP platform will receive advanced incentives payments in the Medicare Shared Savings Program
By: Catie Hillard
February 15, 2023 – Signify Health, a value-based care platform, has announced plans to participate in the Advance Investment Payments (AIP) incentive program through CMS.
The Advance Investment Payments incentive program is designed to support providers in rural and underserved communities by offering advance funding to help providers implement the infrastructure, technology, and resources needed to provide quality care in the Medicare Shared Savings Program (MSSP).
Consumers in rural populations have shorter life expectancy when compared to those in urban populations. They also face more barriers to accessing healthcare and have social determinants of health (SDOH) barriers that lead to lower preventative health utilization. These barriers lead to lower quality of care and poor health outcomes.
Implementation of the CMS program was included in the 2023 Medicare Physician Fee Schedule (PFS) final rule.
“The expectation is that advance investment payments will provide an opportunity for many entities in rural and underserved areas to join together as ACOs, build the infrastructure needed to succeed in the program, and promote equity by holistically addressing beneficiary needs, including social needs,” the rule stated.
Accountable Care Organizations (ACOs) with lower revenues that are new to the MSSP and are determined to have inexperience with performance-based risk Medicare ACO initiatives can receive support through the Advance Investment Payments incentive program. They can receive a one-time fixed payment of $250,000 in addition to quarterly payments for the first two years of an agreement period that lasts five years.
Signify Health is a value-based care platform that announced its intent to take part in the Advance Investment Payments incentive program. Through the agreement, federally qualified health centers (FQHCs) and rural providers taking part in ACOs that use the Signify Health platform will be eligible for the AIP incentive program payments.
“We recognize the obstacles that rural and underserved communities face and are committed to making it possible for providers who care for the underserved to participate in the Medicare Shared Savings Program,” Laurel Douty, executive vice president of value-based care growth and business development for Signify Health, said in the press release. “These investments are critical to achieving CMS’s goal to have every Medicare member in an accountable care relationship by 2030.”
The program begins January 1, 2024.
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