The Centers for Medicare & Medicaid Services (CMS) Oct. 29 announced the Medicare Shared Savings Program (MSSP) yielded a program-record of more than $2.1 billion in net savings in 2023. Accountable care organizations (ACO) in the MSSP garnered a total of $3.1 billion in earned shared savings payments, also a program record.
CMS said ACOs scored better on many quality measures than other physician groups. From performance year 2022 to 2023, ACOs’ performance improved on quality measures they are required to report to share in savings, including those related to diabetes and blood pressure control, breast cancer and colorectal cancer screening, screening for future fall risk, statin therapy for prevention and treatment of cardiovascular disease, and depression screening and follow-up.
For more information on the Medicare Shared Savings Program, click here.
For more information on the proposals for the Medicare Shared Savings Program in the CY 2025 Physician Fee Schedule proposed rule, click here or reference the Shared Savings Program Fact Sheet.
View the 2023 Medicare Shared Savings Program Financial and Quality performance results here.
