The health system will earn $7.2 million from the federal government for reducing costs while meeting high standards of care for patients
NYC Health + Hospitals’ ACO is the only program in the state to have shared savings for twelve years in a row
NYC Health + Hospitals today announced that its Medicare Shared Savings Program Accountable Care Organization (ACO) will earn $7.2 million from the federal government for reducing avoidable costs and meeting high standards of quality care for patients. NYC Health + Hospitals is the only health system in New York State to achieve savings for twelve years in a row. The ACO saved Medicare $9.8 million for 2024, all while achieving impressive scores across a number of quality-of-care measures. The program achieves savings by supporting primary care providers and care coordination, which prevents unnecessary emergency department visits, avoidable hospitalizations, and other high-cost care for the more than 5,000 Medicare fee-for-service patients who are served through the program.
“NYC Health + Hospitals has one of the only ACOs in the nation with a record of consistent success,” said Matthew Siegler, CEO of the ACO and NYC Health + Hospitals Senior Vice President of Managed Care and Patient Growth. “We’ve been successful because patients know they can get compassionate, high quality care from our system, and they keep coming back. This achievement really speaks to the level of service our care team provides every day.”…