The Centers for Medicare and Medicaid Services have reported savings from their Medicare Shared Savings Program. According to new agency data, the CMS has retained a savings amount totaling $739.4 million in 2018. Compared to 2017, the CMS only saved a total of $314 million from the Medicare Shared Savings Program. Although more ACOs had to endure more risks within the past year, the program garnered more savings than in previous years. The data showed that 66% of the 548 Medicare ACOs had a savings amount of $1.7 billion in 2018.
Despite the massive savings from the Medicare Shared Savings Program, it does not equate to the overall spending of the Medicare Program. With 10.1 million in the Medicare program, the savings only amounts to about $73 in savings per Medicare beneficiary.
Of all of the ACOs, 453 were on the MSSP Track 1, the track with no downside risk. Of the 95 ACOs that are on downside risk tracks, 55% were on Track 1+, which is the track that became first available in 2018.
The downside risk tracks were the tracks that were more inclined to gain the savings in the program. In the downside risk tracks, 59 out of 95 tracks received a bonus, while only 146 out of 453 received a bonus in the upside, no risk ACOs.
Read the original article from Modern Healthcare here.
The post CMS Achieved $739 Million in Savings from Medicare ACOs appeared first on CHMB Inc..