The Coral Blog
Your source for the latest health care news. Get insights on industry trends and policy updates from Coral Health Advisors.

CMS Proposes New Mandatory Specialty Care Model: What You Need to Know About ASM
ASM is a five-year, mandatory model that will hold outpatient specialists accountable for their performance on relevant quality, cost, care coordination, and electronic health record use metrics. The model specifically targets heart failure and low back pain. The model maintains fee-for-service payment, but retrospectively evaluates performance on cost and quality metrics, with payment adjustments based on performance outcomes.

Inside the WISeR Model: CMS’s First Tech-Only Innovation Initiative
CMS is launching a first-of-its-kind model that puts technology companies at the center of Medicare’s prior authorization process with the Wasteful and Inappropriate Service Reduction (WISeR) Model. The WISeR Model aims to focus health care spending on services that improve patient well-being, apply lessons learned from commercial payer prior authorization processes that may be faster, easier, and more accurate, increase transparency of existing Medicare coverage policy, and de-incentivize and reduce the use of medically unnecessary care.

Three Key Takeaways from the CMS Quality Conference
The prominence of program integrity discussions at this year's CMS Quality Conference signals a fundamental shift in how this administration is framing health care policy. Alongside the traditional focus areas of prevention, digital transformation, value-based care, and vulnerable populations, the emphasis on eliminating waste has become the connecting thread across all initiatives.

When Drug Policy Headlines Overpromise: What Sounds Like Reform but Isn’t
Every year, a few drug policy headlines make the rounds that sound like big wins. And every year, we see stakeholders scramble to respond, only to find that the impact is… a little less transformative than promised.

“We’ll Just Use the Claims Data”—and Other Famous Last Words
In theory, claims data should tell you what was prescribed, what was filled, and how much it cost. In practice, it tells a partial, delayed, and sometimes misleading version of that story.

Strategic Comment Opportunities in CMS’s iPAY 2028 Draft Guidance
The Centers for Medicare & Medicaid Services (CMS) has released its draft guidance for the Medicare Drug Price Negotiation Program for Initial Price Applicability Year (iPAY) 2028. This guidance sets the direction for how Medicare will negotiate the prices of selected prescription drugs, including, for the first time, certain drugs covered under Medicare Part B.

GLP-1s, and Everything We Haven’t Fixed Already
Skyrocketing demand, unclear coverage criteria, inconsistent outcomes data, escalating costs, and public frustration. These are symptoms of a system that wasn’t built for drug innovation at this scale or speed.

Recognizing and Supporting Informal Caregivers: A Key to a More Sustainable Health System
As the U.S. population ages rapidly, with 82 million Americans projected to be over 65 by 2050, the demand for long-term services and supports is growing. Yet, the formal caregiving workforce alone can't meet this need. Increasingly, family members and friends are stepping in to serve as informal caregivers to help older adults remain in their homes and communities.

Trump Executive Order Directing Development of New Drug Pricing Model
President Trump issued an Executive Order on April 15, 2025 focused on lowering high drug prices for Americans, reinforcing a goal set in his previous administration.

NAACOS Spring Conference Unpacked: Coral’s Field Notes
The National Association of ACOs (NAACOS) held its annual spring conference in Baltimore April 22-24. The event brought together NAACOS members, industry thought leaders, and businesses building innovative tools for value-based care and health system transformation.

Making Drug Spend Visible in Value-Based Care
In value-based care (VBC), pharmacy spend should be visible, actionable, and strategically aligned. Too often, it’s not. It’s carved out, separately contracted, buried in fee-for-service logic, or treated as a black box passed between vendors. Meanwhile, drug therapies are central to chronic condition management, cost avoidance, and patient outcomes. So why the disconnect?

Beyond the Headlines: What Drug Price Negotiation Really Means for Health Care
The idea of the federal government negotiating drug prices isn’t new. What is new is that we’ve crossed a line, from debating whether the government should negotiate to figuring out how it will. That shift opens up a cascade of questions not just for pharmaceutical companies, but also for payers, providers, states, and patients.

Tackling High Health Care Costs: Policy Considerations for Administrative and Prescription Drug Challenges
In December 2024, the National Health Statistics Group in CMS published an updated report on U.S. health care expenditures. Health care expenditures in the United States are extraordinarily high, surpassing other OECD countries by nearly 6% of GDP for equivalent or worse health outcomes.

Key Takeaways from the CY2025 Physician Fee Schedule Final Rule
The last Medicare Physician Fee Schedule final rule under the Biden Administration is out now and physicians, trade groups, and those engaged in the Medicare Shared Savings Program and subject to the Quality Payment Program are taking note of the finalized changes.

CMS’ Roadmap for Rural Health
CMS’ Roadmap for Rural Health addresses access, care delivery, and workforce challenges through Rural Health Hackathons. Participants proposed solutions like telehealth expansion, reduced administrative burdens, and workforce flexibility. CMS plans to scale these ideas and implement rural-specific initiatives to transform healthcare in underserved areas.

MSSP Final Rule to Address Anomalous Catheter Billing in 2023
CMS finalized a rule to address suspected fraudulent billing for catheter-related DME in 2023, impacting Medicare Shared Savings Program financial calculations. The rule excludes specific catheter claims from ACO performance year and benchmark calculations, with key policy changes affecting ACOs' financial outcomes.

Key Takeaways from the CY2025 Physician Fee Schedule Proposed Rule
This year’s proposed rule covers a lot of ground—pressing full steam ahead on eCQMs for ACOs, introducing new payment codes for advanced primary care, and seeking more open-ended comment on a higher risk track of MSSP.

Five Takeaways from the Second Annual CMS Health Equity Conference
Coral Co-Founder, Melissa Cohen, and Senior Advisor, Maria Alexander, attended the CMS Health Equity Conference on May 29-30, 2024. Read more to find out what stood out to us over the two-day conference.

Increasing Organ Transplant Access model (IOTA)
The proposed model holds selected transplant hospitals accountable through upside and downside performance-based payments and includes requirements to address health equity and transparency.

Transforming Episode Accountability Model (TEAM)
The Centers for Medicare & Medicaid Innovation (CMMI) just announced a new mandatory model via the Hospital Inpatient Prospective Payment System (IPPS) proposed rule, the Transforming Episode Accountability Model or TEAM.