Steward’s Next Generation Accountable Care Organization Builds on Previous Success, Demonstrating Savings in its First Performance Year
Steward Health Care System (Steward) is pleased to announce that it has generated savings in its first year participating in the Centers for Medicare and Medicaid Services (CMS) Innovation Center’s Next Generation Accountable Care Organization (ACO) Model.
The 2016 Next Generation ACO Model consisted of 18 leading edge accountable care organizations, 11 of which generated savings, including Steward. Steward was one of the two Massachusetts participants to generate savings.
Steward pursues multiple opportunities to innovate and improve quality of care for our Medicare beneficiaries in the communities in which it serves. In 2016, Steward participated in the Next Generation ACO Model, as well as CMS’s Bundled Payments for Care Improvement (BPCI) Model. Across both models in 2016, Steward generated savings across the Medicare population.
In continuation of its mission to deliver world class health care to its communities, Steward participated in the Next Generation ACO Model again in 2017 and is continuing to participate in 2018 on a national scale, to support the ACO’s pursuit of the Triple Aim: (1) improving the patient experience of care (including quality and satisfaction), (2) reducing the per capita cost of health care, and (3) improving the health of its aligned population.
The statements contained in this document are solely those of the authors and do not necessarily reflect the views or policies of CMS. The authors assume responsibility for the accuracy and completeness of the information contained in this document.