Signify Health to Participate in CMS Program for Rural Providers

Signify Health Inc. (NYSE: SGFY), a healthcare platform that leverages analytics, technology and nationwide healthcare networks to power value-based payment programs, said it would participate in the Centers for Medicare and Medicaid Services (CMS) Advance Investment Payments (AIP) incentive program to support providers in rural and underserved communities.

In 2024, to help address the lack of preventive services available in rural settings, CMS is introducing the AIP program for providers caring for underserved populations. This new offering provides funding in advance to help providers implement the infrastructure, technology and resources necessary for success in the Medicare Shared Savings Program (MSSP).

Signify said it would support Federally Qualified Health Centers (FQHCs) and rural providers participate in accountable care organizations to deliver higher quality and cost-effective healthcare resulting in shared savings through the Medicare program.

AIP is modeled after the ACO Investment Model (AIM) that provided upfront loans for rural providers to participate in the MSSP. The AIM program generated $382 million in savings to CMS over three years. Caravan Health, now part of Signify Health, sponsored 21 of the 41 ACOs in AIM. Signify acquired Caravan in March 2022. Signify is in the process of being acquired by pharmacy giant CVS Health (NYSE: CVS) for approximately $8 billion.

“We recognize the obstacles that rural and underserved communities face and are committed to making it possible for providers who care for the underserved to participate in the Medicare Shared Savings Program,” said Laurel Douty, executive vice president, value-based care growth and business development at Signify Health, in a statement. “These investments are critical to achieving CMS's goal to have every Medicare member in an accountable care relationship by 2030.”