Prime Healthcare Accountable Care Organization is now a Medicare Shared Saving Program Accountable Care Organization.
Here are five observations
1. Prime Healthcare joins 433 other Shared Savings Program ACOs, which serve more than 7.7 million beneficiaries.
2. The ACOs offer Medicare beneficiaries quality, coordinated care.
3. The new and renewing ACOs will add about 15,000 more physicians into the program, which began Jan. 1, 2016.
4. ACOs had a combined total new program savings of $411 million for 333 Medicare Shared Savings Program ACOs and 20 Pioneer ACOS in 2014.
5. Prime Healthcare is a national hospital system with 38 acute-care hospitals in 11 states.
"Medicare, and the healthcare system as a whole, is moving toward paying providers based on the quality, rather than just the quantity of care they give patients," said Sylvia Matthews Burwell, HHS secretary. "The three new ACO initiatives that are being launched mark an important step forward in this effort."
