BURLINGTON, MA (December 10, 2019) — Arcadia (arcadia.io), a widely-recognized leader in population health management, congratulates its Accountable Care Organization (ACO) customers in achieving over $423 million in Medicare Shared Savings Program (MSSP) savings in 2018. On average, Arcadia customers increasingly outperformed other ACOs over the past three performance years, achieving on average $5.88 more savings in Medicare expenses per-member-per-month (PMPM) in 20181
Arcadia MSSP ACO customer savings have shown a strong improvement trend over the past four years, compared to the flat trend seen by all other MSSP ACOs. On average, Arcadia customers received a shared savings bonus of $4.36 million in 2018. This is over 2.5x the average bonus received by other ACOs and represents $4.55 PMPM more in bonus received from CMS.
“We congratulate our customers on achieving such strong economic success under challenging risk-based payment models,” said Arcadia chief executive officer Sean Carroll. “We are privileged to work with the most innovative ACOs in the country to enable their value based care initiatives with our platform Arcadia Analytics.”
This performance highlights the success that ACOs have achieved using the Arcadia Analytics platform. When Arcadia was covered by highly-respected third-party analyst KLAS Research in their reports Population Health Management 2018 Part 1 and Part 2, Arcadia was the strongest fully-rated population health management vendor for financial outcome success.2
“The proof is in the pudding. We will get a profit next year,” said one Arcadia customer executive to a KLAS researcher in July 2019. “The data that we get to the physicians through our medical leadership, our department chairs, and our medical director is front and center in our organization. We use the product to distribute a portion of our physicians’ compensation. From a value-based perspective, that is a lot of money to incentivize the doctors. The foundation of that is the analytics that I get from the product.”4
To learn more about success under risk-based contracting, read about key strategies for ACOs in value-based care performance.
Arcadia is dedicated to happier, healthier days for all. We transform data into powerful insights that deliver results. Through our partnerships with the nation’s leading health systems, payers, and life science companies, we are growing a community of innovation to improve care, maximize value, and confront emerging challenges. For more information, visit arcadia.io.
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