Collaborative Health Systems’ ACOs Delivers $335M in Medicare Savings

 Collaborative Health Systems’ MSSP ACOs Deliver $335M in Medicare Savings Collaborative Health Systems’ MSSP ACOs Deliver $335M in Medicare Savings

Collaborative
Health Systems (CHS)
announced today that its Medicare Shared Savings
Program (MSSP) Accountable
Care Organizations (ACOs)
delivered $335 million in total savings to
Medicare and $183 million in shared savings since 2012, according to figures
released by the Centers for Medicare & Medicaid Services (CMS).

Defining Medicare ACOs

Medicare ACOs are groups of doctors, hospitals, and other
healthcare providers who come together voluntarily to provide coordinated,
high-quality care to their Medicare beneficiaries. The Shared Savings Program
offers providers and suppliers an opportunity to create an ACO, which agrees to
be held accountable for the quality, cost, and experience of care of an
assigned Medicare Fee-For-Service (FFS) beneficiary population. The Shared
Savings Program has different tracks that allow ACOs to select an arrangement
that makes the most sense for their organization.

Total Cost Savings

Performance year 2019 marks the seventh year CHS – one of
the largest Medicare ACO sponsors in the country – generated savings and met
MSSP quality standards. In 2019, CHS ACOs:

– Served 92,000 Medicare beneficiaries across the country;

– Achieved an average quality score of 94%;

– Delivered $41 million in total savings to Medicare;

– Generated $17.6 million in shared savings; and,

In total, 89% of CHS ACOs delivered total savings to
Medicare.

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