Hudson Accountable Care Delivers $14.1 Million in Total Savings for the Medicare Shared Savings Program in 2020
TAMPA, Fla. and NEW YORK, Sept. 13, 2021 /PRNewswire/ -- Collaborative Health Systems (CHS) announced today that Hudson Accountable Care achieved a 160% increase in total savings from last year. In 2020, Hudson Accountable Care generated $14.1 million in total savings for the Medicare Shared Savings Program (MSSP), according to figures released by the Centers for Medicare & Medicaid Services (CMS).
Since 2016, Hudson Accountable Care has continually delivered increased savings year-over-year, with their 2020 savings rate of 13.3% compared to 4.5% from last year's performance. This represented one of the highest savings rates of all MSSP ACOs in this performance year. In 2020, Hudson Accountable Care served 9,905 Medicare beneficiaries across New York and generated $6.9 million in shared savings.
Hudson Accountable Care also partnered with CHS to improve care and quality outcomes through timely and preventive care. Leveraging innovative technology to track population health trends, CHS supported Hudson to meet quality standards annually, and most recently, helped them achieve an average quality score of 97.5%. This high-quality level of care has also helped keep patients out of the hospital and ER resulting in a 14% decrease in inpatient visits per 1,000 since 2018 and a 27% decrease in ER visits per 1,000 since 2018, its most recent benchmark year1.
"We're thrilled to see the continued performance of value-based care and the ACO model each year," said Dr. Navarra Rodriguez, Medical Director of Hudson Accoutable Care and President of AdvantageCare Physicians. "More than just the savings for the Medicare Shared Savings Program, it's the support and structure that ensure we deliver high-quality, preventive care that can help improve the lives of our beneficiaries."
"Hudson Accountable Care's success continues to demonstrate that independent providers see steady growth with value-based care as they become more familiar with the model," said Anthony Valdés, President of Collaborative Health Systems. "We will continue to support providers in New York as they explore new opportunities to manage costs and deliver exceptional care."
Medicare ACOs are groups of doctors, hospitals, and other healthcare providers who come together voluntarily to provide coordinated, high-quality care to their Medicare beneficiaries. The Shared Savings Program offers providers and suppliers an opportunity to create an ACO, which agrees to be held accountable for the quality, cost, and experience of care of an assigned Medicare Fee-For-Service (FFS) beneficiary population. The Shared Savings Program has different tracks that allow ACOs to select an arrangement that makes the most sense for their organization.
For more information about Collaborative Health Systems and its ACO partners, visit www.CollaborativeHealthSystems.com.
About Collaborative Health Systems
1 Benchmark year 3 for Hudson in the MSSP program.
View original content to download multimedia:https://www.prnewswire.com/news-releases/hudson-accountable-care-delivers-14-1-million-in-total-savings-for-the-medicare-shared-savings-program-in-2020--301374787.html
SOURCE Collaborative Health Systems
Managing the Hybrid Workforce: The Factors that Really Matter
ITEXPO, MSP Expo, The Blockchain Event, Future of Work Conference Sessions
Solving Future of Work Challenges for Frontline Workers