Medicare Accountable Care Organizations qualified for more than $422 million in shared savings in 2014 by meeting quality standards and their savings threshold, the Centers for Medicare & Medicaid Services announced yesterday. Eleven Pioneer ACOs earned $82 million in shared savings and three owed $9 million in shared losses. In addition, 92 Medicare Shared Savings Program ACOs earned more than $341 million in shared savings. Pioneer ACOs are early adopters of coordinated care and assume greater performance-based financial risk. There were 20 Pioneer and 333 MSSP ACOs in 2014. ACOs with three years of experience in the program were more likely to earn savings (37%) than those participating one (19%) or two years (27%). Pioneer ACOs improved on 28 of 33 quality measures in 2014, while MSSP ACOs improved on 27 of 33 measures. CMS expects to announce new and renewing ACOs later this year.

Related News Articles

Headline
The Centers for Medicare…
Headline
"Medicare for All" sounds like a good idea ... but we have a better way to meet today’s challenges, create a healthier tomorrow – and advance health in America.
Headline
Beginning June 11, hospitals, physicians and other eligible providers may submit notices of intent to apply to participate in the Jan. 1, 2020 start date for…
Headline
The Centers for Medicare…
Headline
Sen. Bernie Sanders, I-Vt., and 14 of his Democratic colleagues today introduced the Medicare for All Act of 2019, legislation that would create a national…
Headline
“Medicare for All” is a “raw deal” for the American people and taxpayers, Senate Majority Leader Mitch McConnell, R-Ky., said today during a plenary session at…