The groups of doctors and hospitals that provide coordinated care through traditional Medicare saved the program nearly $1.9 billion in 2020, the Biden administration reported.
That’s the largest annual savings ever generated by accountable care organizations in the Medicare Shared Savings Program, the leading value-based care initiative of the Centers for Medicare & Medicaid Services.
2020 was the fourth straight year the shared savings program cut Medicare spending for hospitalizations, emergency room visits, and care after hospital discharge. In 2019, ACOs in the shared savings program saved $1.2 billion for Medicare.
“The 2020 Shared Savings Program results continue to ...