September 28, 2020 – Premier Inc. (Charlotte, NC) announced that 75% of Premier Population Health Management Collaborative (PHMC) accountable care organizations (ACOs) participating in the Medicare Shared Savings Program (MSSP) earned savings for the government, according to results released by the Centers for Medicare & Medicaid Services (CMS) last week.
Of those, 44% performed well enough to qualify for shared savings payments from Medicare.
According to Premier, these results outpace the national averages for comparable ACOs, which generated savings and shared savings at a rate of 70% and 40%, respectively.
Additionally, PHMC MSSP ACOs participating in two-sided risk generated savings at a slightly higher rate when compared to all two-sided risk ACOs nationally (90.91$, compared to 90.71%).
Over the course of the program’s five years, Premier says its PHMC members have generated total net savings of $716 million – almost half of which ($323.6 million) was generated in 2019 alone.
The PHMC includes approximately 450 hospitals and tens of thousands of clinicians across 80 markets working together to align, measure and improve population health. Many of these members participate in the highest risk bearing tracks within the Medicare ACO programs.
Through the PHMC, leading health systems work together to share lessons learned, insights, data and best practices with each other.