For the fourth consecutive period, the Methodist Patient-Centered Accountable Care Organization has been awarded “shared savings” by the Centers for Medicare & Medicaid Services. That makes Methodist’s the first ACO in North Texas to be awarded shared savings for four consecutive years.
CMS released the 2016 performance year results for its Medicaid Shared Savings Program, Next Generation ACO, and the Pioneer Accountable Care Organization Model. The Shared Savings Program, for example, rewards ACOs that lower their costs while meeting certain performance standards. When an ACO exceeds the quality and financial thresholds, it’s able to share in the savings generated for Medicare.
CMS says that’s just what MPCACO, which is affiliated with Dallas-based Methodist Health System, did during the just-reported period. In 2016 MPCACO attributed savings totaled more than $10.6 million, Methodist says. Over the past four periods, MPCACO is attributed to saving CMS more than $54 million.
“Methodist’s alliance of physicians are committed to providing compassionate, quality healthcare, and that is reflected in our being the first ACO in North Texas to qualify for shared savings four years in a row,” Dr. George Williams, president of MPCACO, said in a news release.