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Next Gen ACO Model Saves $62M in First Year
Health Leaders Media: The first cohort of accountable care organizations in the Next Generation model reduced Medicare spending by 1.7% in their first year, about $100 million, according to an annual report released publicly Monday by the Centers for Medicare & Medicaid Services.
After adjusting for shared savings and loss payments to participating ACOs, the model resulted in net savings of 1.1%, or $62 million, according to the report and related materials released to coincide with CMS Administrator Seema Verma's appearance with the Accountable Care Learning Collaborative at Western Governors University.
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