VillageMD ACOs delivered massive financial savings for Medicare in 2023 – The Journal of Healthcare Contracting

VillageMD ACOs delivered massive financial savings for Medicare in 2023 – The Journal of Healthcare Contracting



November 19, 2024 – The Facilities for Medicare and Medicaid Providers (CMS) introduced that VillageMD-managed ACO entities that participated within the ACO Realizing Fairness, Entry, and Neighborhood Well being (ACO REACH) mannequin can have $140 million in gross financial savings by 2023 realized on 75,000 inhabitants. beneficiaries, with $36 million returned to the federal government and the rest reinvested within the healthcare mannequin. VillageMD and different contributors within the ACO REACH mannequin generated $1.63 billion in gross financial savings and $694 million in web financial savings for Medicare in 2023. Moreover, lots of VillageMD's managed REACH ACOs certified for the Excessive Performers Pool by demonstrating distinctive efficiency in high quality metrics.

Excessive-quality, coordinated main care can strengthen the well being care system by enhancing affected person outcomes whereas lowering prices. VillageMD prioritizes holistic look after its sufferers and helps them keep more healthy with an emphasis on preventive care, wellness and early detection and remedy of persistent ailments.

ACO REACH is an revolutionary program that rewards high-quality care designed to help sufferers' entire well being, fairly than sick care. 2023 was the primary 12 months of the ACO REACH mannequin, which is the successor to the Direct Contracting mannequin launched in 2021. VillageMD-managed ACO entities have delivered gross Medicare financial savings in every of the three years these fashions have been in place .

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