Last year, for the first time, CMS's Comprehensive Primary Care the program generated savings: $57.7 million in total on Medicare Part A and Part B spending.
After failing to generate any shared-savings payments for primary care practices in 2013 and 2014, practices in four of the program's seven regions generated shared savings in 2015, Medicare reports.
In 2015, physician practices participating in Medicare's largest value-based payment initiative for primary care generated shared savings for the first time, according to a Centers for Medicare & Medicaid Services blog post published this week.
The Comprehensive Primary Care initiative was launched in October 2012, with the first year of the program running through December 2013. In the first year of the four-year program, 497 primary care practices participated. Last year, 481 practices participated. The program operates in seven states.
CPC features a monthly care management fee for participating physician practices that is not tied to patient visits and the opportunity for physician practices to earn shared savings payments from Medicare.
Last year, the program generated $57.7 million in total savings on Medicare Part A and Part B spending, with management fees pegged at $58 million, according to CMS.
Primary care practices in four states—Arkansas, Colorado, Oklahoma and Oregon—generated $13 million in earned shared savings, Conway wrote.