• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • COVID-19
  • Opinion
  • Health IT
    • Behavioral Health
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • Artificial Intelligence
    • Blockchain
    • Mobile Health
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage
  • Life Sciences
  • Research

ACOs Generated $300M in Savings Over 3 Years Via Lightbeam Technology

by Jasmine Pennic 02/21/2018 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Value-Based Payment Models

Accountable care organizations (ACOs) using Lightbeam technology have generated over $300M in savings over the last three performance years, since the Centers for Medicare & Medicaid Services (CMS) Medicare Shared Savings Program (MSSP) began. Lightbeam’s platform facilitates end-to-end population health management for ACOs, payers, provider groups, health systems and other healthcare organizations aspiring to provide superior care at a lower cost.

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.

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 432 ACOs participated in the 2016 MSSP program, generating more than $651 million in CMS total savings.

As the shared savings program has evolved, so have the needs of our clients. To see our ACOs continue to deliver large amounts of savings and achieve the highest levels of quality scores year after year is exciting and motivating,” said Pat Cline, CEO of Lightbeam Health Solutions in a statement. “To know our clients are consistently earning more is impressive, but we’re especially proud of the quality scores since they help reflect the quality of care received by patients. Our holistic approach to value-based care has proven to be a differentiator in this market. It takes technology, processes, and people working together to create sustainable success. We are honored to support providers, organizations, and all healthcare stakeholders in achieving lasting results.”

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tagged With: Lightbeam Health Solutions

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

Reader Interactions

Primary Sidebar

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Knowledge Hub

 How Top Health Plans Use AI to Save Money and Work Smarter How Top Health Plans Use AI to Save Money and Work Smarter

 How to Build Hybrid Care Models Around Remote Patient Monitoring How to Build Hybrid Care Models Around Remote Patient Monitoring

Trending

Clover Health Exits CMS ACO REACH Program to Focus on Medicare Advantage

Clover Health Exits CMS ACO REACH Program to Focus on Medicare Advantage

Cigna to Acquire Express Scripts for $67B: 5 Things to Know

Cigna and Humana Merger Talks Could Face Antitrust Scrutiny

RNSA23: Cleveland Clinic and Canon Partner to Pioneer Next-Gen Imaging Technologies

RSNA23: Cleveland Clinic and Canon to Establish Comprehensive Imaging Research Center

Automating Implant Orders: A Turning Point in Healthcare’s Digital Transformation

Automating Implant Orders: A Turning Point in Healthcare’s Digital Transformation

Consumers Believe Generative AI Can Revolutionize Healthcare

71% of Consumers Believe Generative AI Can Revolutionize Healthcare

NCQA Launches Virtual Care Accreditation Pilot

NCQA Launches Virtual Care Accreditation Pilot

Novant Health Acquires Three Tenet Hospitals in South Carolina for $2.4 Billion

M&A: Novant Health Acquires 3 Tenet Hospitals in South Carolina for $2.4B

UnitedHealthcare Launches Virtual Prescription Renewal Option

UnitedHealthcare Accused of Using Faulty AI Model to Deny Healthcare Claims to Elderly Patients

Meet The Circular Smart Ring Slim, The Slimmest and Lightest Smart Ring in the World

Meet The Circular Smart Ring Slim, The Slimmest and Lightest Smart Ring in the World

MIT Spun Out Layer Health Launches with $4M to Build the AI Layer for Healthcare

MIT Spun Out Layer Health Launches with $4M to Build the AI Layer for Healthcare

Secondary Sidebar

Footer

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • 2023 Editorial Calendar
  • Submit An Op-Ed
  • Contact
  • Subscribe

Editorial Coverage

  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Population Health Management
    • Revenue Cycle Management
  • Digital Health
    • Artificial Intelligence
    • Blockchain Tech
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • Value-Based Care
    • Accountable Care
    • Medicare Advantage

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2023. HIT Consultant Media. All Rights Reserved. Privacy Policy |