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Collaborative Health Systems Welcomes New Providers for Direct Contracting in 2022
Providers have the opportunity to participate in Direct Contracting model after application window closes
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TAMPA, Fla., April 19, 2021 /PRNewswire/ Collaborative Health Systems (CHS), a management services organization, announced today the formation of a new Direct Contracting Entity (DCE) available to providers unable to apply to the Global and Professional Direct Contracting (GPDC) Model. The announcement follows a recent development from the Center for Medicare and Medicaid Innovation (CMMI) that it will not accept new applicants for the Model.
The GPDC Model is a set of two voluntary risk-sharing options aimed at reducing expenditures and preserving or enhancing quality of care for beneficiaries in Medicare fee-for-service (FFS). By extending its DCE to new providers, CHS removes the administrative and financial burden for its provide
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Clover Health (NASDAQ:CLOV) have lost about half of their value since Chamath Palihapitiya s special acquisition company took it public just a few months ago. Despite a few months of lousy performance, enthusiasm for the digital health upstart is still going strong on Wall Street.
Bank of America recently reiterated its buy rating on the stock with a $15 price target that suggests it could double your money.
A new direct contracting program from the Centers for Medicare and Medicaid Services (CMS) inspired Bank of America analyst Kevin Fischbeck to make such a bold call. Could he be right, or is this just a flash in the pan?