A new demonstration project from CMS will provide patients with financial incentives to qualifying Medicare patients who select a health care provider based on quality and price.
As part of the Acute Care Episode (ACE) demonstration, five regional health systems nationwide have been designated Value-Based Care Centers. These centers will provide select cardiac and orthopedic services to Medicare beneficiaries at discounted rates.
CMS will share a portion of their savings with patients.
You can see an article on this at the Oklahoman paper.
This is a very interesting pilot.
It should give encouragement to other privately insured organizations that are exploring similar incentives.
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