The Medicare Shared Savings Program (MSSP) has achieved a record $2.1 billion in savings for 2023, making it the program's largest annual savings to date.
ACOs have proven to be effective in delivering quality care while managing costs. In 2022, ACOs saved $1.8 billion, the second-highest annual savings at that time. This trend of savings has continued for seven consecutive years, demonstrating the program's effectiveness.
ACOs led by primary care clinicians have achieved higher savings, highlighting the importance of focusing on primary care.
ACOs earned a record $3.1 billion in performance payments, the highest since the program began ten years ago. This reflects the success of ACOs in improving healthcare delivery and outcomes.
The MSSP has seen improvements in quality measures, including chronic condition management and cancer screenings. These improvements contribute to better patient outcomes and overall healthcare quality.
The program currently includes 480 ACOs, with 453 achieving shared savings. CMS has proposed a new prepaid shared savings option for ACOs to invest in beneficiaries' essential services. This expansion of the program aims to further enhance the delivery of value-based care.
Overall, the success of the MSSP reflects the growing recognition of value-based care models and the potential of ACOs to transform healthcare delivery in the United States.