Accountable Care
CMS said 15 out of the 20 organizations in the program generated a total of $120 million in savings, while the remaining five had spending above benchmarks. See the full performance data in the attached table.
Two Pioneer Accountable Care Organizations, Montefiore Health and the Banner Health Network, on Tuesday touted their success in generating savings for the Centers for Medicare and Medicaid Services ACO model. Though other organizations in the group found little reason to celebrate.
Shortly after the Centers for Medicare and Medicaid Services released its 2014 performance data for Medicare Shared Savings Program and Pioneer model accountable care organizations on Tuesday, healthcare experts and insiders took to social media to share their thoughts on the report.
While many accountable care organizations in Medicare's Shared Savings Program generated enough savings in 2014 to merit financial incentives, more than two-thirds fell below the payment threshold, the Centers for Medicare and Medicaid Services said on Tuesday.
A new report published in the American Journal of Managed Care found that just over half of MSSP ACOs shared plans on how they'll allocate savings.
Blue Cross and Blue Shield of Illinois has developed accountable care organizations with three more provider-partners, bringing the total number of ACOs under the insurer to five, the insurer announced this month.
CMS on Thursday said 360 organizations have directly entered into bundled payment agreements with the agency, and an additional 1,755 providers have partnered with those organizations as of July. But CMS acting administrator Andy Slavitt in June said there were more than 7,000 providers in the "at-risk" stage of the BPCI model.
Less than two months after raising $30 million in Series B funding, Aledade, the physician-focused company launched by former National Coordinator Farzad Mostashari, is growing.
Aviation giant Boeing has added Roper St. Francis Health Alliance in Charleston, South Carolina and Mercy in St. Louis to its health plan, according to a Boeing spokesman, as the company continues to grow its in-house benefits network.
According to the company, the analytics service will be especially helpful as the ACO prepares to expand its value-based care model to other insurers and suppliers.