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On Aug. 24, officials at the federal Centers for Medicare & Medicaid Services (CMS) announced the results of 2022 monetary savings coming out of the Medicare Shared Savings Program (MSSP) for accountable care organizations (ACOs). Federal healthcare officials praised the MSSP program for its having saved Medicare $1.8 billion in 2022. Among the highlight results: 63 percent ACOs participating in the MSSP program received shared-savings earnings, while low-income ACOs, those composed primarily of physicians, did better than did high-volume ACOs, at achieving financial savings. Healthcare associations and leaders responded to the programs results with commentary.
The announcement, which was posted to the agency’s website during midday on Thursday, began thus: “The Centers for Medicare & Medicaid Services (CMS) announced today that the Medicare Shared Savings Program saved money for Medicare while continuing to support high-quality care. Specifically, the program saved Medicare $1.8 billion in 2022 compared to spending targets for the year. This marks the sixth consecutive year the program has generated overall savings and high-quality performance results. This represents the second-highest annual savings accrued for Medicare since the program’s inception more than ten years ago.”