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NAACOS pushes ACO REACH extension after $1.54B in savings
Healthcare Finance News November 13, 2024
Net savings to ACOs were $948.4 million (3.4%) compared to model benchmarks, according to CMS.
Accountable Care Organizations in the Centers for Medicare and Medicaid Services’ ACO Reach program achieved $1.54 billion in gross savings and $694.6 million in net savings in 2023, CMS has announced.
The National Association of ACOs (NAACOS) has responded by advocating for an extension of the federal program.
Net savings to ACOs were $948.4 million (3.4%) compared to model benchmarks – an increase from the $371.5 million in net savings to CMS and the $484.1 million in net savings to ACOs in plan year (PY) 2022.
Savings increases from PY 2022 are due to performance improvements by model participants as they gained experience and growth,...
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Topics: ACO (Accountable Care), CMS, Govt Agencies, Insurance, Medicare, Payment Models, Provider, Value Based