NYC Health + Hospitals today announced that its Medicare Shared Savings Program Accountable Care Organization (ACO) will earn $6.1 million from the federal government for reducing avoidable costs and meeting high standards of quality care for patients.
NYC Health + Hospitals is the only health system in New York State to achieve savings for eleven years in a row. The ACO saved Medicare $8.3 million for 2023, all while achieving impressive scores across a number of quality-of-care measures. The program achieves savings by supporting primary care providers and care coordination, which prevents unnecessary emergency department visits, avoidable hospitalizations, and other high-cost care for the more than 6,000 Medicare fee-for-service patients who are served through the program.
“… patients know they can get compassionate, high quality care from our system.”
“NYC Health + Hospitals has one of the only ACOs in the nation with a record of so much consistent success,” said Matthew Siegler, CEO of the ACO and NYC Health + Hospitals Senior Vice President of Managed Care and Patient Growth. “We’ve been successful because patients know they can get compassionate, high quality care from our system. This achievement really speaks to the level of service our care team provides every day.”
Since the ACO’s inception in 2013, it has saved Medicare over $92 million, resulting in earned shared savings and subsequent investment of approximately $53.2 million for NYC Health + Hospitals and its community partners.
NYC Health + Hospitals
NYC Health + Hospitals is the largest municipal health care system in the nation serving more than a million New Yorkers annually in more than 70 patient care locations across the city’s five boroughs. A robust network of outpatient, neighborhood-based primary and specialty care centers anchors care coordination with the system’s trauma centers, nursing homes, post-acute care centers, home care agency, and MetroPlus health plan—all supported by 11 essential hospitals. Its diverse workforce of more than 43,000 employees is uniquely focused on empowering New Yorkers, without exception, to live the healthiest life possible. For more information, visit www.nychealthandhospitals.org
Photo credit: HWM.
Become a Harlem Insider!
By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
