CMS reports $1.8 billion in Medicare shared savings in 2022

The Centers for Medicare & Medicaid Services Aug. 25 reported that the Medicare Shared Savings Program saved the agency $1.8 billion in 2022. This marks the sixth consecutive year of cost savings for the program, and the second highest savings year reported since the program started. CMS also indicates that accountable care organizations had higher performance on certain clinical quality measures than other clinician groups outside of the program. This year, there are over 573,000 providers participating in MSSP, responsible for over 11 million covered lives. CMS continues to promote expansion of ACO models, to include MSSP, and has set a target of having 100% of Medicare fee-for-service beneficiaries aligned to an accountable care relationship by 2030.
 
The physician fee schedule proposed rule for calendar year 2024 proposes several updates to the MSSP program for quality reporting, beneficiary assignment and eligibility requirements. Comments on the proposed rule are due Sept. 11 by 5 p.m. ET.