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Next Generation ACOs saved Medicare over $184M in 2018

from xtelligent Healthcare Media

Next Generation accountable care organizations (ACO) reduced spending by 1.11% in 2018, returning more than $184 million to the Medicare Trust Funds, according to new program results from the Centers for Medicare and Medicaid. The results noted that those figures accounted for the savings generated by the discount applied to the performance year benchmark and shared savings payments made to the risk heavy ACOs. Medicare will pay the organizations about $285 million as shared savings and recoup nearly $64 million in shared losses. more

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