Gross federal savings from ACOs in Medicare Shared Savings Program 2013-2020
Between 2013 and 2020, the gross federal savings of Accountable Care Organizations (ACOs) participating in the Medicare Shared Savings Program (MSSP) increased from 234 million U.S. dollars to 4.1 billion U.S. dollars - which equates to 390 U.S. dollars in gross savings per beneficiary. Despite the number of Medicare ACOs dropping after 2018, the gross federal savings more than doubled from 2018 to 2020. After deducting the shared savings payment to ACOs, the net federal savings stand at 1.2 billion U.S. dollars in 2019.
ACOs are groups of doctors, hospitals, and other health care providers, who voluntarily collaborating to achieve coordinated enhanced quality of care, reduced costs, and improved health outcomes of a designated patient population. ACOs were introduced as part of the Affordable Care Act to shift the U.S. health system from volume-based care (fee-for-service) to value-based care (alternative payment models). When ACOs participating in MSSP spend less than their target (i.e. saves money for Medicare), they receive a share of the savings, that is if they also pass certain quality measures such as patient/caregiver experience, patient safety etc. This statistic presents the gross federal savings from Accountable Care Organizations (ACOs) in the Medicare Shared Savings Program (MSSP) in the U.S. from 2013 to 2020 (in million U.S. dollars).
ACOs are groups of doctors, hospitals, and other health care providers, who voluntarily collaborating to achieve coordinated enhanced quality of care, reduced costs, and improved health outcomes of a designated patient population. ACOs were introduced as part of the Affordable Care Act to shift the U.S. health system from volume-based care (fee-for-service) to value-based care (alternative payment models). When ACOs participating in MSSP spend less than their target (i.e. saves money for Medicare), they receive a share of the savings, that is if they also pass certain quality measures such as patient/caregiver experience, patient safety etc. This statistic presents the gross federal savings from Accountable Care Organizations (ACOs) in the Medicare Shared Savings Program (MSSP) in the U.S. from 2013 to 2020 (in million U.S. dollars).
