NAACOS reported that Medicare’s largest alternative payment model produced its highest annual savings to date in 2020, while continuing to provide high-quality care, as shown by performance data released by CMS.
The Medicare Shared Savings Program, the accountable care organization (ACO) model that served 10.6 million seniors in 2020, collectively saved Medicare $4.1 billion last year, and $1.9 billion after accounting for shared savings payments. Importantly, these ACOs also hit an average quality score of 97.8 percent and 60 ACOs earned a perfect score of 100. This is an improvement over the $2.6 billion and $1.2 billion in gross and net savings MSSP created in 2019, making 2020 the best year yet for ACOs.
As is customary, the fall brings us the ACO’s savings reports.
Arcadia’s MSSP ACO Customers Generated $386 Million In Shared Savings In 2020, Averaging $10.7 Million Each
Arcadia (arcadia.io) (@ArcadiaHealthIT), a population health management and health intelligence platform, helped its national network of Accountable Care Organizations (ACOs) generate more than $386 million in the 2020 Medicare Shared Savings Program (MSSP) using the company’s HITRUST CSF®™-certified population health management platform, Arcadia Analytics.
ACOs on the Innovaccer Health Cloud Generated More Than Three Times the Shared Savings Growth of Other ACOs
At the NAACOS Fall 2021 Conference, Innovaccer Inc. (@innovaccer), the Health Cloud company, announced that MSSP ACOs using its population health management solutions on the InnovaccerⓇ Health Cloud achieved 242% generated shared savings growth in 2020 compared to 2019. That’s greater than three times the 76% year-over-year (YoY) shared savings growth of other MSSP participants who did not use Innovaccer’s solutions.
Over $1.5 Billion in MSSP Savings Generated By ACOs Using Lightbeam Platform
Lightbeam Health Solutions (@LightbeamHealth), an end-to-end population health management solutions and services company, announced that accountable care organizations (ACOs) using its software generated a remarkable combined gross savings of over $550 million for the Medicare Shared Savings Program (MSSP) in reporting year 2020. Since its founding in 2014, the company’s MSSP ACO clients have generated a total of over $1.5 billion in MSSP savings. Together with commercial ACOs and other value-based programs, the savings generated by Lightbeam clients is estimated to be $2.25 billion.
New Jersey ACO Generates $5 Million in Total Savings for the Medicare Shared Savings Program
Collaborative Health Systems (CHS) announced that Chrysalis Medical Services generated $5 million in total savings for the Medicare Shared Savings Program (MSSP) and improved quality of care for Medicare beneficiaries, according to figures released by the Centers for Medicare & Medicaid Services. The ACO achieved a savings rate of 7.7%, the third highest of ACOs operating solely in the state of New Jersey.
NYC Health + Hospitals’ Accountable Care Organization Earns Medicare Shared Savings for Eighth Consecutive Year
NYC Health + Hospitals (@NYCHealthSystem) announced that its Accountable Care Organization (ACO) – a group of doctors and other providers who coordinate care for patients under the Medicare Shared Savings Program (MSSP) – will earn $11.4 million from the federal government for reducing costs and meeting high standards of quality care for patients. The health system’s ACO is the only MSSP ACO based in New York State to earn shared savings for eight consecutive years, and one of only 13 ACOs around the country to have earned that distinction. The federal MSSP was created to change the payment structure for the Medicare fee-for-service beneficiary population. It holds participants accountable for the cost and quality of care delivered to a defined patient population over time.
Mount Sinai Health System Generates More Than $28 Million in Medicare Savings by New York Medical Partners ACO
New York Medical Partners ACO, LLC (NYMP), an accountable care organization (ACO) managed by the Mount Sinai Health System (@MountSinaiNYC), met quality and cost goals for the management of about 50,000 Medicare beneficiaries in the Medicare Shared Savings Program, resulting in more than $28 million in savings to Medicare, according to recently released performance data from the Centers for Medicare & Medicaid Services. The $28 million of gross savings to Medicare resulted in a shared savings payment of about $11 million to NYMP.
All Caravan Health Collaborative ACOs Earn Shared Savings for 2020 Performance
Caravan Health (@CaravanHealth) accountable care organizations (ACOs) are leading health care organizations nationwide in the Medicare Shared Savings Program performance for another year, according to results released recently. Caravan Health ACOs earned total savings for Medicare of $160 million, showing that Caravan’s collaborative approach continues to generate a return for population health investments.
Privia Health Reports Results in CMS’ Medicare Shared Savings Program (MSSP)
Privia Health Group, Inc. (@PriviaHealth) announced that its Accountable Care Organizations (ACOs) delivered quality care and improved patient outcomes, and achieved shared savings of $86.5 million through the Medicare Shared Savings Program (MSSP). Privia’s ACOs (collectively Privia Quality Network) provided high-value, cost-efficient care to more than 121,000 Medicare beneficiaries in 2020.