Yesterday, Skylight Health Group Inc. ( $SLHG ) announced the acquisition of an ACO
This ACO will begin participation in the Medicare Shared Savings Program (MSSP) offered by the Centers for Medicare and Medicaid Services (CMS) at the beginning of January 2022.
This marks a major step in SLHG operating on a fully value-based care system
Some main benefits that Skylight expects to see from this acquisition:
-Under the MSSP, Skylight expects to receive up to 75% of the shared savings realized through the ACO
- Skylight will benefit from the opportunity to contract with national payors on managed care programs such as Medicare Advantage
Watch their CEO unpack the news here (he also explains more about ACOs) https://www.youtube.com/watch?v=EqPZ5WVIaok+
full article here:
https://ceo.ca/@nasdaq/skylight-health-acquires-aco-partners-and-enters-value-based