Accountable care organizations (ACOs) using Lightbeam have generated more than $470 million in savings over the last four performance years. In the most recent year, over $158 million was generated by Lightbeam clients.
The average amount of savings achieved was $3.7 million, which is 1.7 times the savings generated by the average non-Lightbeam ACO.
Lightbeam clients also represented a full 47% of all Track 3 ACO savings and recorded overall higher quality scores.
Accountable Care Organizations (ACOs) using Lightbeam technology have generated over $300 million in saving over the last three performance years, since the Centers for Medicare & Medicaid Services (CMS) Medicare Shared Savings Program (MSSP) began.
Over the life of the program, Lightbeam clients generated an average shared savings amount that is 57% higher than non-Lightbeam ACOs. In addition to realized savings, Lightbeam clients generated an average quality score of 99% which is also far higher than non-Lightbeam ACOs.
Accountable Care Organizations (ACOs) using Lightbeam technology delivered $83.8 million in savings to the 2015 Medicare Shared Savings Program (MSSP), fully 20 percent of all MSSP savings in 2015, according to the ACO Financial Report from the Centers for Medicare & Medicaid Services (CMS).
Established through the Affordable Care Act, the MSSP facilitates coordination and cooperation among providers that form ACOs to improve the quality of care and reduce unnecessary costs. A total of 392 ACOs participated in the 2015 MSSP program, generating more than $429 million in CMS total savings. Lightbeam clients composed 9 percent of the MSSP’s participating ACOs, and delivered 20 percent of total program savings in 2015.
The report data illustrated that while the average 2015 savings of non-Lightbeam ACOs was approximately $972,000, ACOs using Lightbeam’s end-to-end platform for population health initiatives achieved average savings of $2,267,000, more than twice the savings of non-Lightbeam ACOs