CMS: ACO Medicare Savings On Upward Swing

CMS recently announced some of the savings ACO's have made in recent years.

Information from the Center for Medicare & Medicaid Services suggests there is room for Accountable Care Organizations to progress when it comes to government program savings. In an Aug. 25 press release, CMS announced that ACOs have seen progress in recent years, at least when it comes to Medicare-related benefits. The source said Medicare ACOs in 2015 saved $466 million in total.

The release further clarified the extent of the improvements, which include a 15 percent jump in average quality performance for key preventative care measures in ACOs' reporting for both 2014 and 2015.

Within the past four years, ACOs have achieved nearly $1.3 billion in savings, and CMS Chief Medical Officer and Principal Deputy Administrator Dr. Patrick Conway said that these entities are proceeding on the right track for the future.

"Accountable Care Organization initiatives in Medicare continue to grow and achieve positive results in providing better care and health outcomes while spending taxpayer dollars more wisely," Dr. Conway said. "CMS continues to work and partner with providers across the country to improve the way health care is delivered in the United States."

Health Data Management recently listed some of the largest ACOs in the nation, based on the number of members.

The top three organizations included Arizona's Banner Health, with 460,000 members, followed by the Illinois-based Advocate Physician Partners with 423,350 and Louisiana's Ochsner Accountable Care Network, LLC, with 420,244 members.

Wondering how to compete in this new ACO world? LW Consulting can help you understand your costs, equip you with tools to track quality measures, and provide training and education on monitoring performance. Contact us today to get started.

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