Health Systems (CHS) announced today that its Medicare Shared Savings
Program (MSSP) Accountable
Care Organizations (ACOs) provided $335 million in overall cost savings to
Medicare and $183 million in shared cost savings because 2012, according to figures
released by the Centers for Medicare & & Medicaid Services (CMS).
Defining Medicare ACOs
Medicare ACOs are groups of medical professionals, healthcare facilities, and other
healthcare suppliers who come together voluntarily to supply collaborated,
premium care to their Medicare beneficiaries. The Shared Savings Program
offers companies and providers a chance to produce an ACO, which agrees to
be held liable for the quality, cost, and experience of care of an
assigned Medicare Fee-For-Service (FFS) recipient population. The Shared
Cost savings Program has different tracks that allow ACOs to choose a plan
that makes the most sense for their company.
Overall Cost Savings
Performance year 2019 marks the seventh year CHS– among
the biggest Medicare ACO sponsors in the country– generated cost savings and met
MSSP quality standards. In 2019, CHS ACOs:
— Served 92,000 Medicare recipients throughout the nation;
< -- Achieved an average quality score of 94%;. -- Delivered $41 million in total cost savings to Medicare;. -- Generated $17.6 million in shared cost savings; and,. In total, 89% of CHS ACOs delivered overall savings to. Medicare.