Burlington, Mass. (Nov. 2, 2020) – Arcadia (arcadia.io), the leader in population health management technology, today congratulates its Accountable Care Organization (ACO) partners enrolled in the Medicare Shared Savings Program (MSSP) for achieving over $202 million in savings under the program using Arcadia’s population health management platform. These savings are nearly 40% greater than those customers achieved in 2018.
Arcadia ACOs Increase Lead in Savings
For the second year in a row, Arcadia MSSP ACO customers outpaced their peers, generating an average savings of $5.9 million per organization, or 53% higher than peer organizations. On a per-member, per-month basis (PMPM), Arcadia customers realized $8.75 more in savings than other MSSP ACOs in the 2019 performance year and widened their lead by 35% over their 2018 PMPM savings results.
Earned savings achieved by Arcadia MSSP ACOs also grew in 2019 with Arcadia’s MSSP ACO customers’ PMPM bonuses averaging $12.52, which is $3.20 PMPM more than their peer ACOs or 34% higher performance.
“I am delighted to once again congratulate our customer partners on achieving substantial savings and bonuses in risk-based payment models and further securing their leadership position in the Medicare Shared Savings Program,” said Sean Carroll, CEO of Arcadia. “It has been an honor for Arcadia to work with such dynamic and innovative ACOs to drive superior performance in value-based care with our Arcadia Analytics platform.”
A Winning Strategy for ACO Success
To boost ACO performance and other value-based care strategies, Arcadia provides the data and software that supports and drives success in complex savings and reimbursement arrangements. Playbooks include having the right benchmarks, improving utilization management, coordinating care to reduce readmissions, and closing risk and quality gaps at the point of care.
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.