Congratulations to the AaNeel ACOs for their commendable achievements in the Medicare Shared Savings Program
On August 24, 2023, The Center for Medicare and Medicaid Services (CMS) announced that the Medicare Shared Savings Program (MSSP) saves Medicare more than $1.8 Billion in 2022, which is significantly more savings than in 2021 ($1.66 billion in 2021). Approximately 63% of participating ACOs earned payments for their performance in 2022. It appears that low-revenue ACOs outperformed high-revenue ACOs:
- Low Revenue ACOs had a net savings of $228 per capita
- High Revenue ACOs had a net savings of $140 per capita
- ACOs made up of 75% primary care clinicians saw the highest per capita net savings of $2941
Low-revenue ACOs are primarily comprised of physicians and may include a small hospital or serve rural areas.
While savings is a major component of the program, it is important to note that the program has high quality scores. In fact, all ACOs have achieved a quality score of 70% or higher, with an average score of 81.53%.
For the 2023 performance year, the MSSP program has over 573,000 participating clinicians and approximately 11 million Medicare beneficiaries. Given the increased success of the program, CMS has set a goal that 100 percent of people with Traditional Medicare will be part of an accountable care relationship by 2030. Let’s hope the value-based programs (MSSP and others) continues to grow to provide increased value to patients: improve quality of care and lower costs.
Contact us today to learn how AaNeel can support your MSSP ACO with technology and services!