Caravan’s ACOs brought home $50 million in shared savings & earned 94% in quality scores in 2019
KANSAS CITY, Mo., September 15, 2020 – Medicare Shared Savings Program performance results were released publicly this week, showing Caravan Health accountable care organizations (ACOs) leading their peers in savings and quality scores for another year. Caravan Health ACOs earned total savings for Medicare of $154 million, up significantly over 2017 and 2018. The top Caravan Health performers will receive more than $50 million in shared savings, which go directly back to the providers doing the work.
Quality performance was also excellent in 2019, with Caravan ACOs averaging 94.1% for 2019. These ACO results follow the strong Merit-Based Incentive Payment System (MIPS) scores from earlier this summer, when Caravan ACOs earned an average of 95 points while scoring above the exceptional performance threshold and earning positive payment adjustments.
“Once again, Caravan Health and its partners are seeing the hard work of population health management pay off,” said Tim Gronniger, Caravan Health President and CEO. “As we continue to face an extended public health emergency, our clients’ focus on delivering for their patients in unconventional ways helps them weather the unexpected. These results are for 2019, but we expect this focus to continue to generate clinical and economic benefits in 2020 and beyond.”
One of Caravan’s top performers was the Caravan Health Collaborative ACO with more than 235,000 attributed lives and more than 120 clients across the country. This large ACO saved Medicare more than $70 million and earned $33 million in shared savings for 2019, its first year. This success substantiates the importance of scale in building a risk-ready ACO. In previous years, many of these clients were in smaller ACOs and experienced much more variation in performance. As all ACOs move toward risk in the coming years, large ACOs are successfully positioned to avoid performance losses due to small size.