How Mass General Brigham cut spending by $197M in 18 months: 7 things to know
Becker's Healthcare December 16, 2024
Somerville, Mass.-based Mass General Brigham cut $197.1 million in healthcare costs during an 18-month improvement plan set by the Massachusetts Health Policy Commission, exceeding a targeted $176.7 million.
Here are seven things to know:
1. The achievement concludes the state’s first Performance Improvement Plan that addressed Mass General Brigham’s spending trends that had previously been an issue for the state’s healthcare cost growth benchmark, according to a Dec. 12 news release.
2. The health system’s spending growth frequently exceeded the state benchmark from 2014 to 2019, which resulted in $293 million in above-benchmark spending for commercially insured primary care patients, higher than any other Massachusetts provider. It was driven mostly by a higher service mix and prices, along...