By Joe Damore, vice president of population health management, Premier
Premier commends the 561 newly-approved, renewing and already existing accountable care organization (ACO) participants in the Medicare Shared Savings Program (MSSP). We are especially pleased to congratulate the 25 ACOs we’ve worked with over the past year to successfully apply to the program. Since the program’s inception, we have achieved a 100 percent success rate in helping eligible MSSP ACOs implement the capabilities necessary to participate in these models.
With 124 groups of providers newly joining the MSSP program or its Track 1+ model, we are seeing a major increase in the number of ACOs this year. MACRA overall, especially the Merit-based Incentive Payment System (MIPS)/alternative payment model (APM) option and the opportunity to ultimately earn a five percent bonus, are significant contributors to the growth of Medicare ACOs and the Track 1+ model. Track 1+’s growth also demonstrates that healthcare providers are willing to begin to take on more risk to qualify as advanced APMs.
These moves are a clear signal that the industry’s transition toward value-based payment and care delivery is accelerating. With $2 billion already saved by Medicare ACOs, value-based APMs are proving to be successful in providing patient-centric, enhanced quality and cost effective care. In fact, we have found that effective ACOs can lead to even more savings and quality improvement. Premier’s Population Health Management Collaborative Medicare ACO members have consistently performed 2X better than all other Medicare ACOs since 2012.
We look forward to continuing our work with Premier members on value-based care delivery improvement efforts, which are solving many of healthcare’s biggest cost, quality and population health challenges.