ACO-MS 5th Consecutive Year of Savings
The Centers for Medicare and Medicaid Services (CMS) announced this year that ACO-MS reached an impressive milestone in 2021, with the Shared Savings Program (SSP) having provided five consecutive years of generating overall savings and high-quality performance results. The program saved Medicare $1.66 billion in 2021.
The Shared Savings Program has grown to be one of the largest value-based purchasing programs in the United States. In 2022, the program had 525,000 participating health care providers that are part of 483 Accountable Care Organizations (ACOs). These ACOs provide care to over 11 million Medicare beneficiaries.
Officials from CMS and the Department of Health and Human Services (HHS) had positive remarks about the program and its future. HHS Secretary Xavier Becerra said that in 2022, expansion of the program to rural and underserved communities was discussed, and CMS Deputy Administrator and Director of the Center for Medicare Meena Seshamani MD, PhD said that learnings from the SSP should be applied across the industry to drive higher quality care. CMS has set a goal that 100 percent of people with traditional Medicare will be part of an accountable care relationship by 2030.
Congratulations to the ACO-MS team for their hard work to reach this milestone!
