What are the pro’s and con’s of resubmitting bids? The considerations are numerous and the timelines are tight. Generally, organizations should consider their risk tolerance and how to balance of their current product design with its position in the market.
Principal and Consulting Actuary | Healthcare Management Consultant providing Medicare Advantage strategy and insight | Milliman MACVAT Product Lead
CMS sent out the below memo to all impacted Stars contracts clarifying that bid submissions are permitted, but they are not required. 😯
#medicareadvantage organizations are asked to confirm no later than COB on June 24 of their intention to resubmit a bid or to opt out of the resubmission.
CMS reminds plans that if they opt out of resubmitting, the original QBP will be in effect for all ancillary purposes related to Star Ratings.
CMS updates took effect at the beginning of the year, but it's not too late to make updates! Our team can guide you through the price transparency process and help you minimize fines. Learn more on our website.
#PMMC#PMMCOnline#CMS#PriceTransparency
Have you read through the 2025 CMS Advance Notice?
Watch our webinar on YouTube as we break the proposed changes down.
Our experts offer:
🔸 In-depth analysis of proposed changes
🔸 Insights on crafting impactful comments for CMS
🔸 Strategic foresight into how policy adjustments may impact Star Ratings in 2025 and beyond
Get started here: https://bit.ly/3T6oTdS#HealthPlans
Have you read through the 2025 CMS Advance Notice?
Watch our webinar on YouTube as we break the proposed changes down.
Our experts offer:
🔸 In-depth analysis of proposed changes
🔸 Insights on crafting impactful comments for CMS
🔸 Strategic foresight into how policy adjustments may impact Star Ratings in 2025 and beyond
Get started here: https://bit.ly/3T6oTdS#HealthPlans
Have you read through the 2025 CMS Advance Notice?
Watch our webinar on YouTube as we break the proposed changes down.
Our experts offer:
🔸 In-depth analysis of proposed changes
🔸 Insights on crafting impactful comments for CMS
🔸 Strategic foresight into how policy adjustments may impact Star Ratings in 2025 and beyond
Get started here: https://bit.ly/3T6oTdS#HealthPlans
❗When You Shouldn’t Lose Your Head ❗
Headless CMS isn’t for everyone. Our Headless Guide also covers scenarios where a traditional CMS might be the better choice.
Make an informed decision with our expert guidance.
Find Out More: https://lnkd.in/dCCwFmz4#DigitalStrategy#CMS#BusinessDecisions
🎥 ADBL in Action 🎥
Do you spend too much time manually checking logs for critical changes? Without notifications, it’s easy to miss something important. 😓 The standard database log doesn’t offer flexible notifications, leaving you in the dark when updates happen.
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Partner at CMS | Lawyer | AI and Crypto
2moLove the Bitcoin in the video 😀 #CMScrypto