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In the wake of an important update from the Centers for Medicare & Medicaid Services (CMS) on the Medicare Shared Savings Program (MSSP), one of the nation’s leading associations representing physician groups involved in value-based contracting has released a press release focusing on the strong contribution of medical groups focused on primary care, to that program’s savings process.
On Oct. 29, senior CMS officials announced record net savings for the Medicare Shared Savings Program (MSSP) for calendar year 2023: a total of more than $2.1 billion in net savings, along with $3.1 billion in performance payments to accountable care organizations (ACOs) participating in the program. The press release that CMS posted to its website on Tuesday afternoon noted that “The Shared Savings Program yielded more than $2.1 billion in net savings in 2023 — the largest savings in the Shared Savings Program’s history. In addition, Shared Savings Program Accountable Care Organizations (ACOs) are providing higher-quality care and supporting policies CMS has adopted to enhance primary care, expand access to accountable care to underserved communities, and prioritize quality care for common chronic conditions.”