Shared Savings Payment Model
Posted by mgsionline on October 1st, 2013
For several years now, the prime goal of the US healthcare industry has been to reduce the inflated medical costs. To attain this goal, several Provider payment models have been introduced, some of which have gained great popularity. The reason for the success of such payment models is that they not only improve healthcare quality, but also let Providers enjoy good incentives on achieving a particular target. Among the several physician billing payment models introduced by CMS, shared savings payment model has a completely different approach. Let’s take a look at the features of this Provider billing payment model:
Who are benefitted? The Patient Protection and Affordable Care Act of 2010 (ACA) introduced the Medicare Shared Savings Program to let Accountable Care Organizations (ACOs) share savings as well as risks under two categories. This model is widely used by public as well as private sectors.
Many Healthcare Facilities and Providers consider participating in the Shared Savings Payment Model. However, implementing this model will require a lot of time and man power, which will hinder the normal medical claims billing work flow. Therefore, outsourcing a part of Medical Billing Tampa and collection process will be the ideal decision.
When it comes to unsurpassed medical billing and collection services, MGSI is at its best. This renowned medical billing company in Florida has more than 20 years of experience in the domain. Therefore, Healthcare Practices and Providers can take care of other activities while MGSI takes care of medical claims billing functions. For more details, log on to www.mgsionline.com
About the Authormgsionline
Joined: July 6th, 2012
Articles Posted: 76
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