Medicare saves record $2.1B from largest accountable care program

Healthcare DIVE October 31, 2024
Rebecca Pifer

Citrus ACO in Central West Florida had the highest savings rate, while Health Connect Partners — an ACO operated by hospital giant Providence — had the highest total savings.

Dive Brief:

• Medicare’s largest value-based care program saved the government more than $2.1 billion last year — an all-time record, according to the CMS.
• Accountable care organizations, groups of providers that join together to manage the care of a patient population, also benefited, receiving performance payments of $3.1 billion in 2023. That’s also a historic high since the Medicare Shared Savings Program was formed more than one decade ago.
• The quality of ACOs is also rising, the CMS said. Regulators specifically called out improvement in measures related to diabetes and...

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