The Medicare Shared Savings Program (MSSP) is a program under the Medicare program in the United States that incentivizes healthcare providers to coordinate care and reduce costs for Medicare beneficiaries. MSSP is an Accountable Care Organization (ACO) model that rewards healthcare providers for achieving high-quality, cost-effective care.
Under MSSP, a group of healthcare providers comes together to form an ACO and voluntarily assumes responsibility for the quality and cost of care for a specific population of Medicare beneficiaries. If the ACO is successful in reducing costs and meeting quality standards, it can share in the savings generated by the program.
MSSP ACOs are incentivized to coordinate care and improve the overall health of their patient population, rather than just providing individual services or procedures. This helps to reduce unnecessary hospital admissions, improve care coordination, and reduce costs for both patients and the Medicare program itself.
MSSP is one of several ACO models under the Medicare program, and is seen as a way to encourage healthcare providers to work together to improve the quality and efficiency of care for Medicare beneficiaries.
Organizations that participate in programs such as the Medicare Shared Savings Program can benefit from Vim’s point-of-care connection platform that connects data directly to provider workflows to drive engagement on key actions such as referral order creation, risk adjustment, and other care guidance or recommendation opportunities.