How is Nexus Montgomery funded?
Nexus Montgomery is funded through a grant from the Maryland Health Services Cost Review Commission (HSCRC) which allows for a percentage increase in the rates participating hospitals are paid. In Maryland, these rates are set by a state regulatory agency: the (HSCRC). Nexus Montgomery was developed to support Maryland’s New All Payer Model for hospital payment, also known as the Maryland Medicare Waiver, which sets stringent targets for achieving the Triple Aim: Improving patients’ experience of care, improving the quality of care, and reducing health care costs. Participating hospitals pool the revenue that comes from this rate increase and together invest in and implement programs that will achieve the goals set by the HSCRC. A Physician Advisory Board engages an array of community physicians to gather their input in order to inform and advise the Board.