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Becker's Healthcare November 11, 2024
Among the nation’s 453 ACOs, Providence’s Health Connect Partners generated the highest shared savings for Medicare in 2023 with $137 million saved through its senior program.
After accounting for shared savings and losses, 132 ACOs collectively generated nearly $695 million in net savings, according to CMS and the National Association of ACOs. In 2023, Medicare recorded its largest savings to date — $5.2 billion total, with $2.1 billion going to Medicare and $3.1 billion distributed as shared savings.
In 2022, Health Connect Partners also generated the most savings for Medicare compared to other shared savings ACOs, contributing to about $98 million that year.
Besides providing the largest Medicare savings from an ACO for two consecutive years, Renton, Wash.-based Providence...
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