Stay Ahead of the Game: 5 Key SSP 2025 Important Dates You Should Know
As we dive into the new year, it’s essential to keep track of the crucial dates related to the Shared Savings Program (SSP) 2025. The SSP is a value-based care initiative introduced by the Centers for Medicare and Medicaid Services (CMS) to promote high-quality, cost-effective care. In this article, we’ll highlight the 5 key SSP 2025 important dates you should be aware of to ensure a smooth transition and optimal performance.
1. January 1, 2025: New Performance Year Begins
The SSP 2025 performance year kicks off on January 1, 2025. This marks the beginning of a new cycle, and Accountable Care Organizations (ACOs) will start tracking their performance metrics, including quality measures, cost savings, and patient engagement. Make sure to review your ACO’s goals and strategies to ensure a strong start.
📅 Note: ACOs should verify their participant lists and ensure all necessary documentation is in place before the start of the performance year.
2. March 1, 2025: Deadline for Submitting ACO Applications
If you’re interested in joining the SSP 2025 or renewing your ACO’s participation, mark your calendars for March 1, 2025. This is the deadline for submitting applications, and CMS will review and approve qualified applicants. Don’t miss this opportunity to join the program and take advantage of the benefits of value-based care.
📝 Note: ACOs should carefully review the application requirements and ensure all necessary documentation is complete to avoid delays or rejection.
3. June 1, 2025: Quality Measure Data Submission Deadline
ACOs are required to submit their quality measure data to CMS by June 1, 2025. This data will be used to evaluate your ACO’s performance and determine shared savings or losses. Make sure to review the quality measure specifications and ensure accurate data submission to avoid any potential issues.
📊 Note: ACOs should verify their data submission templates and ensure all necessary data fields are complete to avoid errors or rejections.
4. August 1, 2025: Financial Performance Data Submission Deadline
By August 1, 2025, ACOs must submit their financial performance data to CMS. This data will be used to calculate shared savings or losses and determine your ACO’s financial performance. Ensure accurate data submission to avoid any potential financial implications.
📊 Note: ACOs should review their financial performance data carefully to ensure accuracy and avoid any potential errors or rejections.
5. November 1, 2025: Shared Savings Payments Released
If your ACO has achieved shared savings, you can expect to receive payment from CMS on November 1, 2025. This is a significant date, as it marks the distribution of shared savings to successful ACOs. Ensure your ACO’s financial information is up-to-date to receive payments without any delays.
📊 Note: ACOs should verify their financial information, including bank account details, to ensure smooth payment processing.
As we move through the SSP 2025 performance year, it’s crucial to stay on top of these key dates to ensure optimal performance and financial success. By marking these dates in your calendar, you’ll be well-prepared to navigate the program’s requirements and take advantage of the benefits of value-based care.
In summary, the 5 key SSP 2025 important dates you should know are:
• January 1, 2025: New performance year begins • March 1, 2025: Deadline for submitting ACO applications • June 1, 2025: Quality measure data submission deadline • August 1, 2025: Financial performance data submission deadline • November 1, 2025: Shared savings payments released
Stay ahead of the game, and make sure to review the SSP 2025 requirements carefully to ensure a successful performance year.
What is the deadline for submitting ACO applications for SSP 2025?
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The deadline for submitting ACO applications for SSP 2025 is March 1, 2025.
What is the quality measure data submission deadline for SSP 2025?
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The quality measure data submission deadline for SSP 2025 is June 1, 2025.
When can ACOs expect to receive shared savings payments for SSP 2025?
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ACOs can expect to receive shared savings payments for SSP 2025 on November 1, 2025.
