Noah Champagne
FSA, MAAA
Principal and Consulting Actuary
New York, NY, US
Noah Champagne is a principal and consulting actuary with extensive experience working directly with providers to facilitate risk arrangements, contracting discussions, and benchmarking. Additionally, Noah works closely with ACOs (MSSPs, REACH ACOs, High Needs REACH ACOs, and others), MAPD plans, and individual Exchange clients to facilitate their pricing, projections, and budgeting.
Experience
Noah’s experience as an actuary includes:
- ACO participation support and modeling
- Value-based care models
- Medicare Advantage Part C bid preparation
- Exchange rate filings
- Small group pricing
- Risk score modeling
- Capitation payment analysis
Professional Designations
- Fellow, Society of Actuaries
- Member, American Academy of Actuaries
Education
- MSc, Applied Mathematics, University of Washington
- BA, Physics and Mathematics, Skidmore College
Publications
Read their latest work
Article
ACO REACH PY2026 explained: What is changing and why it matters
17 June 2025 - by Tabish Shaikh, Chris Smith, Emma Kramer, Noah Champagne, Nathaniel Jacobson
We put the Center for Medicare and Medicaid Innovation's 2026 updates to the ACO REACH program into context.
Article
The next generation of Medicare bundled payments: Considerations regarding TEAM
12 May 2025 - by Alyssa Pennini, Christopher Murphy, Maggie Alston, Noah Champagne, Pamela M. Pelizzari
The Transforming Episode Accountability Model, Medicare’s new approach for bundled payments, will impact a wide variety of acute care hospitals nationwide.
Article
Predictability vs. accuracy in MSSP benchmarks
03 February 2025 - by Sam Shellabarger, Brandin Kuklinski, Noah Champagne
We share some thoughts on how the Accountable Care Prospective Trend has introduced new risks and opportunities for ACOs in the Medicare Shared Savings Program.
Article
ACO REACH PY2025 changes: What do they mean for my ACO?
27 September 2024 - by David Byron, Noah Champagne, Tabish Shaikh
After the Center for Medicare and Medicaid Innovation’s recent update for ACO REACH, we detail 11 feature changes and their impact.
Article
Shadow bundles: A big opportunity for MSSP and REACH ACOs
13 February 2024 - by Maggie Alston, Noah Champagne, Daniel DiNinno, Emma Kramer, Christopher Murphy
New data for the Medicare Shared Savings Program and ACO REACH models provide opportunities for managing referrals, but ACOs should know the data’s limitations.
Article
What’s CMS’ AHEAD Model?
03 January 2024 - by David Byron, Bryce Platt, Noah Champagne
The Centers for Medicare and Medicaid Services (CMS) announced a new total cost of care (TCOC) initiative called States Advancing All-Payer Health Equity Approaches and Development (AHEAD).
Article
Should providers steer toward or away from GUIDE?
29 December 2023 - by Matthew Smith, Noah Champagne, Robert Eaton, Nancy Gu, Greyson Britt
We analyze the requirements and financial implications of CMS’s new model for the support and treatment of Medicare fee-for-service beneficiaries with dementia.
Article
Reactions and thoughts on PY2024 ACO REACH methodology changes
07 September 2023 - by Emma Kramer, Noah Champagne, Sam Shellabarger
We summarize in detail the Center for Medicare and Medicaid Innovation’s guidance on methodology changes to the ACO REACH model.
Article
Early thoughts on proposed Medicare Physician Fee Schedule changes
27 July 2023 - by Chris Smith, Noah Champagne, Cory Gusland
We summarize notable proposed rule changes to MPFS related to risk scores, the financial benchmark calculation, and assignment methodology.
Article
A summary of the impactful MSSP rule changes in the 2023 Medicare Physician Fee Schedule update
02 December 2022 - by Noah Champagne, Cory Gusland, Chris Smith
We note impactful changes related to downside risk, financial benchmark methodology, and shared savings/losses included in the 2023 Medicare Physician Fee Schedule Final Rule.