Shared Savings Program

HealthSync West Florida, a Navvis and Florida Medical Clinic Joint Venture, Achieves Top-Tier ACO Performance | Business & Finance | manchestertimes.com | Business Wire | 10/15/2020

… WIRE)–Oct 15, 2020– HealthSync West Florida, a Navvis and Florida Medical Clinic joint venture, today announced the Florida Medical Clinic ACO achieved top-tier ACO performance in the Florida market. Their 2019 Medicare Shared Savings Program (MSSP) ACO results include total savings of $10.25 million and a quality score of 98.5, one of the highest in Florida, and ranked in the top 6% nationwide out of 541 participating ACOs …

HealthLynked Corp. Announces ACO Health Partners Earns $768k in Shared Savings Revenue and a Fourfold Growth in Covered Medicare Beneficiaries | PR Newswire | 10/8/2020

… based solution to combat fragmented and costly care, ACOs empower local physicians, hospitals, and other providers to work together and take responsibility for improving quality, enhancing patient experiences, and keeping care affordable. The Medicare Shared Savings Program (MSSP) creates incentives for ACOs to invest in transformative care solutions by allowing them to share in savings generated after meeting defined quality and cost goals. “As the management organization for ACO Health …

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HealthLynked Corp. Announces ACO Health Partners Earns $768k in Shared Savings Revenue and a Fourfold Growth in Covered Medicare Beneficiaries - GuruFocus.com | 10/8/2020

… based solution to combat fragmented and costly care, ACOs empower local physicians, hospitals, and other providers to work together and take responsibility for improving quality, enhancing patient experiences, and keeping care affordable. The Medicare Shared Savings Program (MSSP) creates incentives for ACOs to invest in transformative care solutions by allowing them to share in savings generated after meeting defined quality and cost goals. “As the management organization for ACO Health …

ACOs Generated $454 Million in Savings in 2019 Across Medicare, Commercial, and Employer Contracts With Innovaccer’s Data Activation Platform | 9/30/2020

… that its partner Accountable Care Organizations (ACOs) generated over $454 million in total healthcare savings in the performance year 2019. With its innovative FHIR-enabled Data Activation Platform, the company assisted its partner Medicare Shared Savings Program (MSSP) ACOs in boosting the average quality score from 92.71% in the performance year 2016 to 94.66% in 2019. Partner ACOs were able to show this improvement by unifying their healthcare data from …

ACOs Generated $454 Million in Savings in 2019 Across Medicare, Commercial, and Employer Contracts With Innovaccer’s Data Activation Platform | PR Newswire | 9/30/2020

… that its partner Accountable Care Organizations (ACOs) generated over $454 million in total healthcare savings in the performance year 2019. With its innovative FHIR-enabled Data Activation Platform, the company assisted its partner Medicare Shared Savings Program (MSSP) ACOs in boosting the average quality score from 92.71% in the performance year 2016 to 94.66% in 2019. Partner ACOs were able to show this improvement by unifying their healthcare data from …

Next Healthcare Solutions’ MSSP ACOs Achieve High Quality and Significant Cost Savings to Medicare | PRWeb | 9/30/2020

… to fragmented and costly care, Accountable Care Organizations (ACOs) empower local physicians, hospitals, and other providers to work together and take responsibility for improving quality, enhancing patient experience and keeping care affordable. The Medicare Shared Savings Program (MSSP) creates incentives for ACOs to invest in transformative care by allowing them to share in savings they generate after meeting defined quality and cost goals. In 2019 nationally, 487 ACOs caring for …

Continuing to Excel in Value-based Care Through CMS’ MSSP Pathways to Success | 9/29/2020

… savings . EDISON, N.J., Sept. 29, 2020 (GLOBE NEWSWIRE) – HealthEC, LLC the 2019 Best in KLAS® provider of population health management solutions, today announced that their Accountable Care Organization (ACO) partners enrolled in the Medicare Shared Savings Program (MSSP) achieved a combined $52.8 million in MSSP for 2019, through the use of HealthEC’s platform and services. This represents an average of $4.7 million per ACO, while generating more than $161 million …

Continuing to Excel in Value-based Care Through CMS’ MSSP Pathways to Success | Globe Newswire | 9/29/2020

… ACO in 2019 in shared savings . EDISON, N.J., HealthEC, LLC the 2019 Best in KLAS® provider of population health management solutions, today announced that their Accountable Care Organization (ACO) partners enrolled in the Medicare Shared Savings Program (MSSP) achieved a combined $52.8 million in MSSP for 2019, through the use of HealthEC’s platform and services. This represents an average of $4.7 million per ACO, while generating more than $161 million …

75% of ACOs in Premier’s Population Health Management Collaborative achieve savings for Medicare | 9/28/2020

… Premier’s Population Health Management Collaborative achieve savings for Medicare September 28, 2020 – Premier Inc. (Charlotte, NC) announced that 75% of Premier Population Health Management Collaborative (PHMC) accountable care organizations (ACOs) participating in the Medicare Shared Savings Program (MSSP) earned savings for the government, according to results released by the Centers for Medicare & Medicaid Services (CMS) last week. Of those, 44% performed well enough to qualify for shared savings payments from …

CMS Releases 2019 Medicare Shared Savings Program Accountable Care Organization Program Results | 9/28/2020

CMS Administrator Seema Verma announced the 2019 financial and quality results for Accountable Care Organization (ACOs) in the Medicare Shared Savings Program (MSSP) in a Health Affairs Blog post on September 14, 2020. According to Verma, the 541 ACOs in the MSSP generated $1.19 billion in total net savings for Medicare in 2019—the largest annual savings to date. These savings were largely driven by reductions in spending on post …

75% of ACOs in Premier’s Population Health Management Collaborative achieve savings for Medicare | 9/28/2020

… Premier’s Population Health Management Collaborative achieve savings for Medicare September 28, 2020 – Premier Inc. (Charlotte, NC) announced that 75% of Premier Population Health Management Collaborative (PHMC) accountable care organizations (ACOs) participating in the Medicare Shared Savings Program (MSSP) earned savings for the government, according to results released by the Centers for Medicare & Medicaid Services (CMS) last week. Of those, 44% performed well enough to qualify for shared savings payments from …

How the SCOTUS pick could threaten value-based care | FierceHealthcare | 9/28/2020

… experiment with different voluntary or mandatory payment models, including for oncology, bundled payments and dialysis. The ACA gave the center $10 billion each decade to fund the models. The ACA also created the Medicare Shared Savings Program (MSSP), which oversees accountable care organizations that agree to take on financial risk in exchange for a cut of any cost savings. New Whitepaper CMS Doubles Down on CAHPS and Raises the Bar …

4 Takeaways from the Direct Contracting Financial Methodology Release | 9/28/2020

… of the lessons learned in Medicare Advantage (MA) and is well positioned as a glidepath to managing MA risk. Direct Contracting: A Refresher As a reminder, DC builds upon lessons learned in the Medicare Shared Savings Program / Pathways to Success (MSSP) and the Next Generation ACO model (NextGen) while incorporating successful approaches from MA and other private risk-sharing arrangements. In addition, DC improves upon MSSP by offering more operating …

Three Quarters of ACOs in Premier Inc. Population Health Management Collaborative Achieve Savings for Medicare - GuruFocus.com | 9/28/2020

Three quarters (75 percent) of [url=”]Premier+Population+Health+Management+Collaborative[/url] (PHMC) accountable care organizations (ACOs) participating in the Medicare Shared Savings Program (MSSP) earned savings for the government, according to [url=”]results[/url] released by the Centers for Medicare & Medicaid Services (CMS) last week. Of those, 44 percent performed well enough to qualify for shared savings payments from Medicare. These results outpace the national averages for comparable ACOs …

Premier, lawmakers call for actions to advance value-based models | 9/25/2020

Premier joined nine other organizations in urging the Centers for Medicare & Medicaid Services (CMS) to hold off on proposed changes to the Medicare Shared Savings Program (MSSP) during the COVID-19 public health emergency. In the CY 2021 Medicare physician fee schedule, CMS proposes reducing the required number of measures, providing flexibility in how measures are submitted and mitigating potential reductions in 2020 performance. In a letter to the agency …

Value as a business differentiator: 6 execs on what makes their ACOs high-performing | Becker’s Hospital Review | 9/25/2020

Value as a business differentiator: 6 execs on what makes their ACOs high-performing Morgan Haefner - Print Email In mid-September, CMS released 2019 results from its Medicare Shared Savings Program ACOs, with participants generating a record $1.2 billion in total net savings for the program. Becker’s reached out to executives from ACOs that earned some of the most shared savings in 2019 to share what strategies and best practices …

Association between specialist compensation and Accountable Care Organization performance | 9/25/2020

Abstract Objective To determine if Medicare Shared Savings Program Accountable Care Organizations (ACOs) using cost reduction measures in specialist compensation demonstrated better performance. Data Sources National, cross‐sectional survey data on ACOs (2013‐2015) linked to public‐use data on ACO performance (2014‐2016). Study Design We compared characteristics of ACOs that did and did not report use of cost reduction measures in specialist compensation and determined the association between using this …

Essentia Health recognized by Medicare for excellent quality | 9/24/2020

Essentia Health has earned its best-ever quality score in the Medicare Shared Savings Program (MSSP). By meeting quality and cost goals in 2019, Essentia saved Medicare $13.2 million, according to the Centers for Medicare and Medicaid Services (CMS). Essentia scored 95 percent for quality. To score that high, Essentia had to meet performance standards for 23 quality measures across four categories — patient/caregiver experience, care coordination/patient safety, preventive …

By Helping Nearly a Million Patients Get Better Care, Aledade ACOs Have Saved More Than $400 Million in Wasteful Health Care Spending | PR Newswire | 9/23/2020

BETHESDA, Md. , Sept. 23, 2020 /PRNewswire/ – Today, Aledade, Inc. announced that its accountable care organizations (ACOs) with commercial payers, Medicaid, Medicare Advantage, and the Medicare Shared Savings Program (MSSP) have saved more than $400 million across the health care system in five years by helping patients receive higher-quality care, with over half of that value created in the past year. In 2019 alone, independent primary care practices in Aledade …

By Helping Nearly a Million Patients Get Better Care, Aledade ACOs Have Saved More Than $400 Million in Wasteful Health Care Spending | PR Newswire | 9/23/2020

… savings Press Release - updated: Sep 23, 2020 06:00 EDT BETHESDA, Md., September 23, 2020 (Newswire.com) - Today, Aledade, Inc. announced that its accountable care organizations (ACOs) with commercial payers, Medicaid, Medicare Advantage, and the Medicare Shared Savings Program (MSSP) have saved more than $400 million across the health care system in five years by helping patients receive higher-quality care, with over half of that value created in the past year …

Congress Is Getting the Transition to Alternative Payment Models Wrong | Wordpress.com | 9/23/2020

… private insurers and/or providers money to do so. These two approaches are what we’ve seen policy makers do. Medicare has a number of different APM programs. The best-known ones are the Medicare Shared Savings Program (to get providers to enter into ACO contracts with Medicare) and the Bundled Payments for Care Improvement initiative (to get providers to enter into bundled payment contracts with Medicare). And to encourage private …

Congress Is Getting the Transition to Alternative Payment Models Wrong | Wordpress.com | 9/23/2020

… private insurers and/or providers money to do so. These two approaches are what we’ve seen policy makers do. Medicare has a number of different APM programs. The best-known ones are the Medicare Shared Savings Program (to get providers to enter into ACO contracts with Medicare) and the Bundled Payments for Care Improvement initiative (to get providers to enter into bundled payment contracts with Medicare). And to encourage private …

Congress Is Getting the Transition to Alternative Payment Models Wrong | 9/23/2020

… private insurers and/or providers money to do so. These two approaches are what we’ve seen policy makers do. Medicare has a number of different APM programs. The best-known ones are the Medicare Shared Savings Program (to get providers to enter into ACO contracts with Medicare) and the Bundled Payments for Care Improvement initiative (to get providers to enter into bundled payment contracts with Medicare). And to encourage private …

Aledade’s ACOs have saved more than $400M over last 5 years | FierceHealthcare | 9/23/2020

Aledade’s accountable care organizations have saved more than $400 million in unnecessary healthcare spending over the last five years, new data from the company show. More than half of that savings value was generated in the last year, according to Aledade. In 2019, Aledade’s Medicare Shared Savings Program ACOs prevented nearly 100,000 hospitalizations and saved Medicare $180 million. Of that, $55 million in savings was returned to the participating practices …

R-Health Announces $9.2 Million in Shared Savings Through Care is Primary Accountable Care Organization | 9/22/2020

… Sept. 21, 2020 /PRNewswire/ – – R-Health , a leader in Advanced Primary Care solutions, today announced that its Care is Primary Accountable Care Organization (ACO), has achieved $9.2 million in shared savings under the Medicare Shared Savings Program (MSSP) for 2019. The ACO also achieved a Quality Score of 92.17%. This is the second year in a row that the ACO has achieved significant shared savings, with 51% more savings than …