HealthLeaders Media October 24, 2017
Cleveland Clinic ACO saved more than $42 million across 71,113 beneficiaries in 2016 as a participating provider in the Medicare Shared Savings Program. Most of the savings came from reducing big bucket expenditures around inpatient stays, readmissions, and post-discharge care.
Cleveland Clinic’s accountable care organization has seen two years of solid savings under the Medicare Shared Savings Program. This year, the provider generated savings of $42.2 million, of which the clinic will receive nearly $20 million, a 20% increase over 2015, according to the Centers for Medicare & Medicaid Services.
James Gutierrez, MD, president and medical director of the Cleveland Clinic ACO, spoke with HealthLeaders Media about the success of the shared-savings program. The following is a lightly edited transcript.
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