Friday, October 21, 2011
The Centers for Medicare & Medicaid Services has released final regulations describing the rules for the Medicare Shared Savings Program (Shared Savings Program) and accountable care organizations (ACOs).
On April 18, 2011, the IRS released Notice 2011-20, summarizing how it expects existing IRS guidance to apply to § 501(c)(3) organizations, such as charitable hospitals, participating in the Shared Savings Program through ACOs. The IRS released Fact Sheet 2011-11 confirming that Notice 2011-20 continues to reflect IRS expectations regarding the Shared Savings Program and ACOs, and providing additional information for charitable organizations that may wish to participate in the Shared Savings Program. For more information, see the CMS website.