Genuine Health Group ACO Physicians Will Be Eligible For 5% Bonus Payments From Medicare
Genuine Health Group, the enterprise co-founded by healthcare entrepreneurs Joe Caruncho and Dr. Orlando Lopez-Fernandez, wrapped up its first year of operations with a major win. Its recently acquired accountable care organization, PremierMD ACO, was approved to operate as a Track One-Plus (“Track 1+”) ACO. The distinction means the ACO now qualifies as an advanced alternative payment model and makes its participating physicians eligible to earn up to a five percent bonus payment starting in 2019. In addition, as an advanced alternative payment model, its participating physicians are exempt from burdensome reporting required by the merit incentive-based payment system (MIPS), which is part of the Medicare Access and CHIP Reauthorization ACT (MACRA). ... |