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Medicare’s AI-Driven Payment Model: A New Era for Healthcare Innovation
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5 months ago

Medicare’s AI-Driven Payment Model: A New Era for Healthcare Innovation

Global

News Summary

Medicare’s new payment model, ACCESS, is pioneering AI-driven medical care at a federal scale, impacting startups like Pair Team, which leverages AI to improve health outcomes for patients with chronic conditions. The ACCESS program, designed by former startup operators at the CMS Innovation Center, shifts the focus from traditional time-based reimbursements to outcome-based payments, rewarding health outcomes rather than required activities. This transformation allows AI agents, such as Pair Team’s Flora, to play a crucial role in patient care, offering 24/7 support and engagement. Despite data privacy concerns and financial risks, this model aims to incentivize AI use by maintaining low reimbursement rates, encouraging lean, AI-first operations. With partnerships accessing 500,000 potential patients, Pair Team targets a million within three years, reflecting a broader trend of increased investment in digital health and AI.

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Medicare’s new payment model is built for AI, and most of the tech world has no idea

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Medicare's new payment model is built for AI, and most of the tech ...

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