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On Tuesday, Aug. 30, officials at the Centers for Medicare & Medicaid Services (CMS) announced the latest financial and quality results from the Medicare Shared Savings Program (MSSP), touting the overall savings to the Medicare program that the participating accountable care organizations (ACOs) participating in the program have achieved over the past program year. Meanwhile, the major national association representing ACOs weighed in, and the leaders of numerous ACOs around the country boasted of their savings in the program.
The press release announcing the results, posted to the agency’s website, began thus: “The Centers for Medicare & Medicaid Services (CMS) announced today that the Medicare Shared Savings Program, through its work with Accountable Care Organizations (ACOs) – groups of doctors, hospitals and other health care providers — saved Medicare money while continuing to deliver high-quality care. Specifically, the program saved Medicare $1.66 billion in 2021 compared to spending targets. This marks the fifth consecutive year the program has generated overall savings and high-quality performance results.