MedCity News August 31, 2022
This is the fifth consecutive year the program has achieved savings by working with Accountable Care Organizations. Participating ACOs also had better quality measures for physical and mental health conditions than those not in the program.
The Medicare Shared Savings Program saved Medicare $1.66 billion in 2021, the Centers for Medicare & Medicaid Services announced Tuesday. This is the fifth consecutive year the program has created savings.
The Medicare Shared Savings Program works with Accountable Care Organizations (ACOs), which are groups of physicians, hospitals and other healthcare providers. These ACOs collaborate to provide high quality care and avoid unnecessary services in a value-based purchasing model. By doing this and spending healthcare money wisely, the ACO may be able to share...
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