• Press Releases

    Medicare ACOs Continue to Improve Quality of Care

    August 26, 2015


    The Centers for Medicare & Medicaid Services today issued 2014 quality and financial performance results showing that more Medicare Accountable Care Organizations (ACOs) continue to generate financial savings while improving the quality of care for Medicare beneficiaries by fostering greater collaboration between doctors, hospitals, and health care providers.

    When an ACO demonstrates that it has achieved high-quality care and effectively reducing spending of health care dollars above certain thresholds, it is able to share in the savings generated for Medicare. In 2014, 20 Pioneer and 333 Shared Savings Program ACOs generated more than $411 million in savings, which includes all ACOs savings and losses. The results also show that ACOs with more experience in the program tend to perform better over time.

    Medicare ACOs are groups of doctors, hospitals, and other health care providers, who come together voluntarily to provide coordinated high quality care to their Medicare patients. The goal of coordinated care is to ensure that patients, especially the chronically ill, get the right care at the right time, while avoiding unnecessary duplication of services and preventing medical errors. When an ACO exceeds quality and financial thresholds – demonstrating achievement of high-quality care and wiser spending of health care dollars – it is able to share in the savings generated for Medicare.

    Millennium Accountable Care Organization is one of the ACOs that generated shared savings.

    “This is the second year in a row Millennium’s Accountable Care Organization was named one of the nation’s top ACOs.  We have once again hit all of our goals and generated shared savings for the Medicare program.  We are proud of our achievements of reducing health care costs while raising the quality of care for our patients. We remain committed to investing in these quality initiatives to improve the health of our communities and our patients.  I’m very proud of our team of Providers and employees at Millennium Physician Group,” says Geurt Peet, Chief Executive Officer for Millennium Physician Group.
     

     

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