CHARLESTON, S.C.–(BUSINESS WIRE)–The Centers for Medicare & Medicaid Services (CMS) announced the 2015
performance year results for the Medicare Shared Savings Program and the
Pioneer Accountable Care Organization Model that show physicians,
hospitals and health care providers participating in Accountable Care
Organizations continue to make significant improvements in the quality
of care for Medicare beneficiaries, while achieving cost savings.
In 2015, Medicare Accountable Care Organizations had combined total
program savings of $466 million, which includes all Accountable Care
Organizations’ experiences, for 392 Medicare Shared Savings Program
participants and 12 Pioneer Accountable Care Organization Model
participants. The results show that more Accountable Care Organizations
shared savings in 2015 compared to 2014, and those with more experience
tend to perform better over time.
Medicare ACOs are groups of doctors, hospitals, and other health care
providers, who come together voluntarily to provide coordinated high
quality care to their Medicare patients. The goal of coordinated care is
to ensure that patients, especially the chronically ill, get the right
care at the right time, while avoiding unnecessary duplication of
services and preventing medical errors. When an ACO exceeds quality and
financial thresholds – demonstrating achievement of high-quality care
and wiser spending of health care dollars – it is able to share in the
savings generated for Medicare.
Accountable Care Coalition of the Tri-Counties (ACC Tri-Counties) is one
of the ACOs that shared savings.
Dr. Hugh Durrence, ACC Tri-Counties Medical Director, said: “We have had
a dynamic experience with the Medicare Shared Savings Program. It is
certainly rewarding to achieve savings but most importantly is to see
the improvement in the care and collaboration for the patients from the
physicians in the community.”
Visit the Medicare Shared Savings Program News
and Updates webpage to access the CMS press
release and fact
sheet, the link to the Performance
Year 2015 results file, and to learn more about the program.
For Accountable Care Coalition of the Tri-Counties