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The Centers for Medicare & Medicaid Services (CMS) announced that the Medicare Shared Savings Program saved money for Medicare while continuing to support high-quality care. Specifically, the program saved Medicare $1.8 billion in 2022 compared to spending targets for the year.
The Medicare Shared Savings Program (MSSP) generated its second highest annual savings since the program began more than a decade ago.
For the sixth year in a row, the Medicare Shared Savings Program created overall savings, CMS announced. When compared to clinician groups of a similar size not participating in the program, participating ACOs performed better on quality measures, including measures for diabetes, breast cancer and colorectal cancer screenings, tobacco screenings and depression screenings.
The CMS shared savings program saved $1.8 billion in 2022, the second largest amount since the program's inception more than 10 years ago.
CMS announced today that the Medicare Shared Savings Program saved money for Medicare while continuing to support high-quality care.