Mid-Atlantic Collaborative Care Generates $28 Million in Total Savings for the Medicare Shared Savings Program
TAMPA, Fla., FAIRFAX, Va., ROCKVILLE, Md., BALTIMORE and WASHINGTON, Sept. 14, 2020 /PRNewswire/ -- Collaborative Health Systems announced today Mid-Atlantic Collaborative Care generated $28 million in total savings for the Medicare Shared Savings Program (MSSP) and $13.4 million in shared savings for performance years 2017 through 2019, according to figures released by the Centers for Medicare & Medicaid Services (CMS).
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:
"We are proud to report Mid-Atlantic Collaborative Care has achieved savings for the Medicare Shared Savings Program for the third year in a row," said Dr. Roji Menon, Medical Director for Mid-Atlantic Collaborative Care. "We remain committed to providing high-quality care and services and are grateful for the CMS program, which allows us to demonstrate how we can provide increasing value to our patients and local communities."
"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.
For more information about the Mid-Atlantic Collaborative Care and Collaborative Health Systems, visit www.CollaborativeHealthSystems.com.
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SOURCE Collaborative Health Systems