San Francisco and Washington–(business wire)–NAACOS Fall 2022 Conference Booth Y — Today Health Cloud company Innovaccer Inc. announced that Innovaccer® Health Cloud MSSP ACOs have significantly higher shared savings growth, revenue and quality scores compared to their peers. announced that it produced His 2021 performance year financial and quality results data just released by CMS.
In 2021, Innovaccer customers generated $242 million in MSSP shared savings across 23 ACOs serving 748,767 lives. Additionally, Innovaccer’s MSSP ACO customers generated 12.19% higher shared savings growth than non-Innovaccer customers, were awarded 8.97% more shared savings generated, and leveraged MSSP ACO’s collective health management capabilities. It recorded a 4% higher quality score than no MSSP ACO. Innovaccer Health Cloud.
Since Innovaccer entered the market in 2016, Innovaccer Health Cloud’s MSSP ACOs have generated more than $544 million in combined savings. By adding to the savings Innovaccer’s customers have earned using other reimbursement models such as Next Generation ACOs, Global and Professional Direct Contract (GPDC) ACOs, Commercial ACOs, and Pure Medicare Contracts, Innovaccer will We have helped our customers produce more across base and commercial business lines. Cumulative cost savings exceed $1 billion.
Kanav Hasija, co-founder and chief product officer of Innovaccer, said: “The total healthcare savings generated by Innovaccer customers is the savings generated by all healthcare systems that have used our Health Cloud to optimize their value-based and other programs over the past six years. Considering the current over $1 billion, we take our hats off to our customers who continue to lead the way in population health care.”
The Medicare Shared Savings Program Accountable Care Organization (ACO) payment model will serve more than 11 million seniors in 2021, accounting for $1.96 billion in shared savings payments generated, according to CMS After that, we saved $1.66 billion across Medicare. His $1.66 billion in savings for fiscal 2021 trails last year’s record $1.9 billion in his savings and $2.3 billion in shared savings payments since his MSSP program launched in 2012. is.
MSSP ACO Using Innovaccer Health Cloud to Manage Population Health and Value-Based Care Strategy Outperforms in 2021 PY Quality, Spending, Benchmark and Shared Savings/Loss Indicators . Additionally, leading ACOs and other healthcare systems becoming REACH ACOs are leveraging Innovaccer’s new ACO REACH solution suite to accelerate their success with this innovative new model. result.
Innovaccer co-founder and CEO Abhinav Shashank said: “Congratulations to each and every one of our Superhero customers who rely on Health Cloud technology to contribute to the success of CMS’s Alternative Payment Models (APM), including our exciting new ACO REACH program. We will continue to invest in the best population health management technologies to ensure our customers excel in these complex APMs that represent the future of Medicare reimbursement.”
To learn more about Innovaccer Health Cloud and Innovaccer’s population health management solution, visit innovaccer.com or request a demo today.
Innovaccer Inc. is a health cloud company dedicated to accelerating innovation in healthcare. Innovaccer® Health Cloud integrates patient data across systems and care settings, enabling healthcare organizations to develop scalable, modern applications to improve clinical, financial and operational outcomes. Innovaccer’s solutions have been deployed in more than 1,600 of his care environments across the United States, enabling more than 96,000 providers to transform care delivery and work collaboratively with payers and life sciences companies. Innovaccer has helped its client integrate more than 39 million of her health records, resulting in cumulative cost savings of more than $1 billion for her. Innovaccer is the #1 rated data and analytics platform by KLAS and the #1 population health technology platform by Black Book. For more information, visit innovaccer.com.