According to the announcement, CMS plans to conduct additional data validation, including comparing it to other data available to CMS. Further information will be available when the data is accurate, complete and validated, CMS said.
The risk corridor program was created under the Affordable Care Act to stabilize premiums and prevent inaccurate premium setting for qualified health plans offered through the exchanges until 2016.
More articles on finance:
40 financial benchmarks for hospital executives
IU Health experiences revenue growth while operating income falls
RCM tip of the day: Breaking down silos
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
