Cleveland Clinic’s ACO Saved $42M in 2016
With a quality score of 96.3%, the accountable care organization demonstrated that it could deliver high-quality care and improve the value of the healthcare dollar.
Cleveland Clinic’s Accountable Care Organization saved more than $42.2 million across 71,113 beneficiaries in 2016.
That’s according to a Centers for Medicare and Medicaid Services report for ACOs participating in the Medicare Shared Savings Program.
“The ACO helps to unify our enterprise by bringing together primary care, specialty care and independent participating physicians,” said James Gutierrez, MD, president and medical director of Cleveland Clinic ACO.
“The care model is further enabled to manage our patient populations across the whole continuum of care,” Gutierrez said. “This validates the work we have done in recent years to provide outstanding quality of care while being better stewards of healthcare resources.”
The Cleveland Clinic ACO:
- Generated $42.2 million savings in 2016, which represents a 24.5% increase from 2015.
- Will receive $19.9 million back in shared savings, a 19.8% increase over 2015.
- Increased the number of shared beneficiaries by more than 6,500 and the health system’s quality score was 96.3%.
In 2016, there were 433 Medicare Shared Savings Program ACOs across the United States.