Another Medicare Pioneer accountable care organization has exited the program, renewing questions about its long-term sustainability.
Sharp HealthCare, a five-hospital system in San Diego, said in its third-quarter financial statement (PDF) that it dropped out of the Pioneer ACO program. Sharp notified the CMS and itsCenter for Medicare and Medicaid Innovation on June 20. Twenty-two Pioneer ACOs remain from the original 32. Last summer, nine other Pioneers said they were leaving. Several of them switched to Medicare's less financially risky Shared Savings Program.
Story Date:
August 26, 2014
Source Link:
Read More [1]