Provider Groups Ask Medicare to Shield Them From Covid-19 Losses

March 17, 2020, 6:20 PM UTC

The groups of doctors, hospitals, and other clinicians that provide coordinated care for Medicare beneficiaries are urging program administrators to ensure they aren’t held responsible for increased costs related to the new coronavirus pandemic.

The nation’s 517 provider groups, known as accountable care organizations (ACOs), are a vital component of traditional Medicare’s move from a fee-for-service payment model to value-based care, in which provider reimbursement is based on patient outcomes rather than the volume of services provided.

When ACOs improve health and lower costs for the Medicare program, they share in the savings. But some ACOs could lose revenue and ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.