Myomo, Inc.’s Post

📣 Huge milestone for us over here at Myomo, Inc.!! What does this mean in case you've been watching 👀 our #careers? Well... It means, we're on track to help a lot of patients, and see substantial internal growth. 📈 🚀 🔥 🎉 Come with. #orthoticsandprosthetics #robotics #mechatronics #clinicaljobs #medicaldevicejobs

The Centers for Medicare & Medicaid Services today issued the long-term care hospital prospective payment system final rule for fiscal year 2024. In the rule, CMS has finalized an update that it estimates will increase overall payments to LTCHs in FY 2024 by 0.2%, or $6 million, compared to FY 2023. This includes a $4 million reduction in standard LTCH PPS payments and a $10 million increase in site-neutral payments. For standard rate cases, the agency finalized a market basket update of 3.5%, reduced by a 0.2% productivity adjustment. However, it also finalized a fixed-loss threshold for high-cost outlier cases of $59,873 in FY 2024, as compared to $38,518 in FY 2023; while this final number is lower than the $94,378 the agency proposed, it will still reduce overall net standard payments to LTCHs by 2.9%.

Making Care Primary (MCP) Model On June 8, 2023, the Centers for Medicare & Medicaid Services (CMS) announced a new voluntary primary care model – the Making Care Primary (MCP) Model – that will be tested in eight states. Launching July 1, 2024, the 10.5-year model will improve care management and care coordination, equip primary care clinicians with tools to form partnerships with health care specialists, and leverage community-based connections to address patients’ health needs as well as their health-related social needs (HRSNs) such as housing and nutrition. CMS is working with State Medicaid Agencies in eight states – Colorado, North Carolina, New Jersey, New Mexico, New York, Minnesota, Massachusetts and Washington – to engage in full care transformation across payers, with plans to engage private payers in the coming months. https://buff.ly/465Lf5B

Making Care Primary (MCP) Model On June 8, 2023, the Centers for Medicare & Medicaid Services (CMS) announced a new voluntary primary care model – the Making Care Primary (MCP) Model – that will be tested in eight states. Launching July 1, 2024, the 10.5-year model will improve care management and care coordination, equip primary care clinicians with tools to form partnerships with health care specialists, and leverage community-based connections to address patients’ health needs as well as their health-related social needs (HRSNs) such as housing and nutrition. CMS is working with State Medicaid Agencies in eight states – Colorado, North Carolina, New Jersey, New Mexico, New York, Minnesota, Massachusetts and Washington – to engage in full care transformation across payers, with plans to engage private payers in the coming months. https://buff.ly/465Lf5B

📣📣 BIG news in healthcare: Centers for Medicare & Medicaid Services announced the Medicare Shared Savings Program (MSSP) saved a net $1.8 billion and generated $4.3 billion in gross savings for accountable care organizations in 2022–the second-highest annual savings since the program’s inception a decade ago. This accomplishment reinforces the MSSP's track record of success, generating savings for six consecutive years. #ACOs, comprised of doctors, hospitals, and providers, play pivotal roles in delivering coordinated healthcare to Medicare beneficiaries. The MSSP empowers these groups to share savings with the Medicare program, improving care and lowering out-of-pocket costs for ER visits. This initiative demonstrates the power of collaboration in driving both quality and affordability in healthcare. The success of the program has been highlighted by esteemed leaders in the healthcare field. CMS Administrator Chiquita Brooks-LaSure emphasized the significance of the MSSP's outcomes, noting it embodies equitable and person-centered care. Aledade, Inc. CEO Farzad Mostashari shared that Aledade brought over $650 million in savings to community primary care practices and generated $1.2 billion in Medicare-shared savings. And Susan Dentzer, America's Physician Groups President and CEO, applauded the program's impact on high-quality care for millions of older adults. As we celebrate these achievements, it's crucial to acknowledge ACOs not only contribute to healthcare savings but also lead to #ValueBasedCare. This milestone encourages us to envision a future where healthcare remains accessible, high-quality, and affordable for all.

Making Care Primary (MCP) Model On June 8, 2023, the Centers for Medicare & Medicaid Services (CMS) announced a new voluntary primary care model – the Making Care Primary (MCP) Model – that will be tested in eight states. Launching July 1, 2024, the 10.5-year model will improve care management and care coordination, equip primary care clinicians with tools to form partnerships with health care specialists, and leverage community-based connections to address patients’ health needs as well as their health-related social needs (HRSNs) such as housing and nutrition. CMS is working with State Medicaid Agencies in eight states – Colorado, North Carolina, New Jersey, New Mexico, New York, Minnesota, Massachusetts and Washington – to engage in full care transformation across payers, with plans to engage private payers in the coming months. https://buff.ly/465Lf5B

Growing Engagement in CMS' Accountable Care Organization Initiatives for 2024 Exciting developments in healthcare as CMS reports a substantial rise in accountable care engagement for 2024. With 19 new ACOs joining the Medicare Shared Savings Program, receiving over $20 million in advance payments, the total count now stands at 480 active ACOs. This surge is pivotal in delivering coordinated care for approximately 13.7 million Traditional Medicare beneficiaries. CMS's focus on quality, equity, and person-centered care is making a significant impact. Centers for Medicare & Medicaid Services (CMS) just announced exciting changes for 2024, with more ACOs joining. We can guide you through the process, making sure you get the most out of it. Don't miss out—click here to improve your billing now: https://bit.ly/3vXxh7M #ACO #CMS #MBC #RCM #RCMServices #CMSUpdate #MedicalBilling #MedicalCoding #AccountableCareOrganization #RevenueCycleManagement #MedicalBillersandCoders

Cohort study of individuals dually eligible for Medicare and Medicaid linked the introduction of an integrated plan in Pennsylvania to greater use of community-based services and supports, but no change in hospital use or care coordination, after 3 years. https://ja.ma/3v5Pnnz

Making Care Primary (MCP) Model On June 8, 2023, the Centers for Medicare & Medicaid Services (CMS) announced a new voluntary primary care model – the Making Care Primary (MCP) Model – that will be tested in eight states. Launching July 1, 2024, the 10.5-year model will improve care management and care coordination, equip primary care clinicians with tools to form partnerships with health care specialists, and leverage community-based connections to address patients’ health needs as well as their health-related social needs (HRSNs) such as housing and nutrition. CMS is working with State Medicaid Agencies in eight states – Colorado, North Carolina, New Jersey, New Mexico, New York, Minnesota, Massachusetts and Washington – to engage in full care transformation across payers, with plans to engage private payers in the coming months. https://lnkd.in/ggJmM7Ku

Cohort study of individuals dually eligible for Medicare and Medicaid linked the introduction of an integrated plan in Pennsylvania to greater use of community-based services and supports, but no change in hospital use or care coordination, after 3 years. https://ja.ma/48jqoM4