Mid-Atlantic Collaborative Care Generates $28 Million in Total Savings for the Medicare Shared Savings Program
This marks the third consecutive year Mid-Atlantic Collaborative Care, a Medicare Accountable Care Organization (ACO), achieved both total savings to Medicare and shared savings. In performance year 2019, Mid-Atlantic Collaborative Care:
- Served 22,000 Medicare beneficiaries across Maryland, Virginia, and Washington, D.C.;
- Achieved a total quality score of 98.5%;
- Delivered $12.6 million in total savings for Medicare – increasing the savings of performance year 2018 by more than $2 million; and,
- Generated $6.2 million in shared savings.
“Mid-Atlantic Collaborative Care is demonstrating how independent physicians can succeed by embracing value-based models to increase accountability, lower costs, and improve quality of care for their patients,” said Anthony Valdés, President of Collaborative Health Systems. “We look forward to our continued partnership as we work to deepen relationships with our physician partners, advance care in local communities, and improve health outcomes for Medicare beneficiaries across the D.C. metro area.”
Medicare ACOs are groups of doctors, hospitals and other healthcare providers who come together voluntarily to provide coordinated, high-quality care to their Medicare beneficiaries. The Shared Savings Program offers providers and suppliers an opportunity to create an ACO, which agrees to be held accountable for the quality, cost, and experience of care of an assigned Medicare Fee-For-Service (FFS) beneficiary population. The Shared Savings Program has different tracks that allow ACOs to select an arrangement that makes the most sense for their organization.
Latest News