The financial highs and lows of Pioneer ACOs

on Wed, 2014-09-10 00:00 caroline

NYC's Montefiore saves tens of millions, but losses mount for others

The trail blazed by Pioneer accountable care organizations (ACOs) is bumpier for some ACOs than for others, according to financial data released Thursday by the Centers for Medicare & Medicaid Services (CMS).

Of the 32 original Pioneer ACOs, 18 reported gross savings in the first year. The best-performing ACO that year was Montefiore ACO in the Bronx, New York, which reported savings of $23.3 million, or 7.1 percent, and $14 million in shared savings.

Story Date:

October 9, 2014

News Author:

Julie Bird

Source Link:

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