Healthcare Finance News August 31, 2022
Nearly all ACOs – 99% – reported and met the quality standard required to share in savings under the Shared Savings Program.
The Medicare Shared Savings Program, by working with Accountable Care Organizations, saved Medicare $1.66 billion in 2021 compared to spending targets, the fifth consecutive year the program has generated overall savings, according to the Centers for Medicare and Medicaid Services.
These savings were confirmed by the National Association of ACOs, which found that MSSP collectively saved Medicare $3.6 billion last year – $1.6 billion after accounting for shared savings payments. Of the 475 ACOs, 81% achieved savings to Medicare with 56% achieving shared savings.
NAACOS found the results particularly notable as 2021 was a year in which providers...
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