CMS said 345 out of 513 ACOs, or 67 percent, earned shared savings payments in 2020, but the data shows that ACOs participating in downside risk models were more likely to earn the bonus payments. In particular, 88 percent of the two-sided risk models and 55 percent of one-sided risk models earned the performance payment.
ACOs in the program work together to coordinate care of Medicare beneficiaries, ensuring they receive the right care at the right time while preventing duplication of services and medical errors.
“The 2020 Shared Savings Program results continue to demonstrate the impact ACOs have in improving quality and lowering healthcare costs,” CMS Administrator Chiquita Brooks-LaSure said. “The Biden-Harris Administration is committed to a healthcare system that delivers high quality, affordable, equitable and person-centered care. CMS is similarly committed to moving health care providers to value-based payment and looks forward to partnering with the ACO community in a continued effort to advance these goals and promote affordability and sustainability.”
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.