Tysons, VA—The Centers for Medicare & Medicaid Services (CMS) selected LMI as its Shared Savings Program Operational Support contractor. LMI will assist CMS with operationalizing the program’s annual application cycle, education and outreach strategy, and compliance strategy. Valued at $65 million, this contract comprises a one-year base period and four one-year option periods.
“With nearly 25 years of domain expertise at CMS in driving value-based care initiatives, we are proud of our commitment to improved health care outcomes,” said Pat Tamburrino Jr., vice president of LMI’s health and civilian markets. “This task enables us to provide strategic development, technical analysis, and compliance reviews for the Shared Savings Program.”
As CMS’ operational support contractor, LMI maintains a panel of experts who ensure that each Shared Savings Program application is reviewed for accuracy, completeness, and compliance with program requirements. The Medicare Shared Savings Program’s compliance strategy focuses on monitoring and assessing the performance of these ACOs.
“Through the Shared Savings Program, over 10.9 million Medicare fee-for-service beneficiaries receive their care from providers participating in ACOs nationwide” said Whitney Owen, director of LMI’s HHS market. “LMI is proud to continue supporting this innovative program and its commitment to better patient outcomes, healthier communities, and responsible cost management.”
LMI will continue to assist CMS in analyzing ACOs’ adherence to program rules and requirements. In addition, LMI will build upon the education and outreach strategy it has established with the Shared Savings Program. In collaboration with CMS, LMI’s staff will help develop and disseminate education and outreach materials, including webinars, guidance, templates, and commonly asked questions.