Bon Secours Creates $4.6 Million in Medicare Savings
Bon Secours announced the Hampton Roads Good Help Accountable Care Organization (ACO) created $4.6 million in total savings for its Medicare population in 2018, representing a reduced health care spend to all taxpayers.
The Hampton Roads Good Help ACO provides high-quality care while reducing costs for its 10,500 beneficiaries through a collaboration of Bon Secours Maryview Medical Center, Bon Secours DePaul Medical Center, Bon Secours Mary Immaculate Hospital and 218 physicians and providers in the Bon Secours Medical Group.
An ACO of Bon Secours, Hampton Roads Good Help ACO was accepted to participate in the Medicare Shared Savings Program (MSSP), a multifaceted program sponsored by the Centers for Medicare and Medicaid Services (CMS). ACO and MSSP models are among strategies CMS employs to lower Medicare spending and keep the Medicare program sustainable for the long term.
The Centers for Medicare and Medicaid Services (CMS) reward ACOs for improving quality of care and reducing costs. Success depends on hospitals, physicians and other clinicians encouraging Medicare patients to maintain their health through better habits, including taking medication as prescribed, in order to prevent unnecessary emergency room visits and preventable hospitalizations.
Other notable achievements from CMS’s 2018 report include:
- A quality rating of 98.1 percent
- Shared savings of $2.2 million
- A savings rate of 4.31 percent
Made up of three Bon Secours hospitals and 218 physicians and providers in the Bon Secours Medical Group, the Hampton Roads Good Help ACO is designed to improve the community health, elevate the patient experience through coordinated care and lower health care costs. For more information, visit http://hamptonroadsghaco.org/