Addressing Burnout and Improving Care Quality Through Accountable Care Organizations

Accountable care organizations (ACOs) are a key piece in establishing value-based care modalities that improve health outcomes and keep costs down. Although the COVID-19 pandemic reduced the total savings of these programs, value-based care saved Medicare $3.6 billion before shared savings payments were factored in. This figure was actually less than that of 2020.

According to Victoria Bailey, “Savings achieved in 2021 were slightly lower than in 2020, which saw $1.9 billion in shared savings payments. This was likely due to COVID-19-related factors. In 2020, preventive care, routine appointments, and issues unrelated to COVID-19 were delayed, leading to a decline in healthcare utilization. This also led to decreased medical expenses, which drove higher savings for the program.”

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(Source: Revcycle Intelligence, September 26^th, 2022)