The Medicare Shared Savings Program (MSSP) was established by the Affordable Care Act. The Shared Savings Program is a key component of the Medicare delivery system reform initiatives included in the Affordable Care Act and is a new approach to the delivery of health care. Congress created the Shared Savings Program to facilitate coordination and cooperation among providers to improve the quality of care for Medicare Fee-For-Service beneficiaries and reduce unnecessary costs. SOHO HEALTH participates in the Shared Savings Program by participating in an Accountable Care Organization (ACO).
To fulfill the intent of the Affordable Care Act, the Shared Savings Program aims to improve beneficiary outcomes and increase value of care by providing:
- Better care for individuals;
- Better health for populations; and
- Lowering growth in expenditures
The Shared Savings Program will reward ACOs that lower their growth in health care costs while meeting performance standards on quality of care and putting patients first.
Quality Data Services Role in MSSP
Quality Data Coordinators fulfill this program by abstracting, verifying and submitting Quality information for the Annual ACO Review as CMS certified Submitters.