Today’s health care challenges call for innovative ways to improve the quality of care while reducing costs. For three years, we’ve been pursuing new solutions through the U.S. government’s Pioneer Accountable Care Organization (ACO) program, and federal data released this week show that in the past year, we’ve slowed health care cost growth for 70,000 Medicare patients through the program.
During our third year participating in the Pioneer ACO, we saved $21.6 million, spending 2.7 percent below the benchmark Medicare uses to measure Partners’ performance. In combination with years one and two, we’ve saved a total of $39.2 million—$18.8 million of which were shared with the federal government.
In this pilot initiative, Partners is one of 19 health care organizations working with the Centers for Medicare & Medicaid Services Innovation Center to transform the way health care is delivered. Through investments in population health management, patient-centered medical homes and our integrated care management program, among other initiatives, we’ve improved care coordination for some of our most complex patients.