Lightbeam ACOs Average Per Member Per Year Savings are 287% Higher When Compared to Non-Lightbeam ACOs
ACO MSSP EARNED SAVINGS OVER 5 YEARS WILL BE $1,615 PMPY HIGHER WITH LIGHTBEAM
Lightbeam ACOs Average 1.7 Times the Shared Savings When Compared to Non-Lightbeam ACOs
Accountable care organizations (ACOs) using Lightbeam have generated more than $470 million in savings over the last four performance years. In the most recent year, over $158 million was generated by Lightbeam clients.
The average amount of savings achieved by Lightbeam clients was $3.7 million, which is 1.7 times the savings generated by the average non-Lightbeam ACO.
Lightbeam clients also represented a full 47% of all Track 3 ACO savings and recorded overall higher quality scores.
ACOs Using Lightbeam Have Generated $300 Million in Savings
Accountable care organizations (ACOs) using Lightbeam technology have generated over $300 million in saving over the last three performance years, since the Centers for Medicare & Medicaid Services (CMS) Medicare Shared Savings Program (MSSP) began.
Over the life of the program, Lightbeam clients generated an average shared savings amount that is 57% higher than non-Lightbeam ACOs. In addition to realized savings, Lightbeam clients generated an average quality score of 99% which is also far higher than non-Lightbeam ACOs.
ACOs Using Lightbeam Net $84 Million in Savings for CMS Medicare Shared Savings Program, Doubling Average Savings of Other ACOs
Accountable care organizations (ACOs) using Lightbeam technology delivered $83.8 million in savings to the 2015 Medicare Shared Savings Program (MSSP), 20 percent of all MSSP savings in 2015, according to the ACO Financial Report from the Centers for Medicare & Medicaid Services (CMS).
Established through the Affordable Care Act, the MSSP facilitates coordination and cooperation among providers that form ACOs to improve the quality of care and reduce unnecessary costs. A total of 392 ACOs participated in the 2015 MSSP program, generating more than $429 million in CMS total savings. Lightbeam clients composed 9 percent of the MSSP’s participating ACOs and delivered 20 percent of total program savings in 2015.
The report data illustrated that while the average 2015 savings of non-Lightbeam ACOs was approximately $972,000, ACOs using Lightbeam’s end-to-end platform for population health initiatives achieved average savings of $2,267,000, more than twice the savings of non-Lightbeam ACOs.