In: Finance
Based on what we learned about benchmarking, what is your take on how CMS should move forward with these benchmarks?
First you have to know that what Is benchmarking . A benchmarking is just a tool or measurement of the policies , plans , products , strategies of the company . Benchmarking also helps to provide support for various planning , making plans , delivery of projects etc. Benchmarking also helps us to identify or jugde the various internal opportunities for the development of the projects.
CMS Stands for Centers for Medicare & Medicaid Services. Which can gives or put the forward changes to the methodology of benchmarking. The methodology of benchmarking which is to be proposed would phase generally for the use of the regional cost data . The Current MSSP benchmarking methodology is Focused or outlined in this CMS resource.
The given summary review all the key elements of CMS’ proposals
Under the current policy , the Centers for Medicare & Medicaid Services trends the benchmark for the first 2 years per capital expenses after that 3rd benchmark year by the help of national growth rate that is being used in spending on Medicare Part A and B services.
In the Case of ACO’s At the time of initial agreement, at the begining of performance CMS proposed for the forward of trend of benchmark with the help of using national medicare expenditure data for the national assingnments rather than in place of FSS beneficiaries.