Washington D.C. (Jan, 2021) – Next Generation Accountable Care Organizations (Next Gen ACOs) collectively saved $559 million last year, according to partial performance data from the Centers for Medicare & Medicaid Services (CMS). In addition, Next Gens maintained an average quality score of 93.7%. The release shows financial and quality performance for 37 of the 41 Next Gens participating in the model in 2019.
The Next Gen ACO model tests the highest levels of financial risk, reward, and accountability in traditional Medicare. Since 2016, Next Gen ACOs have been leading the health care system’s transformation from volume to value. The model is currently set to sunset at the end of 2021. The Next Gen ACO Coalition is calling on the new Administration to make this model a permanent part of the CMS value-based care portfolio.
The press release is available here.
The Next Gen ACO Coalition includes 20 ACOs committed to advancing two-sided risk models. Throughout the COVID-19 pandemic, these ACOs have used their investments in population health to provide care to their communities in new and innovative ways. Read more about our ACO resilience case studies here.