In 2022, NextGen Healthcare, a prominent provider of cloud-based healthcare technology solutions, revealed that nine of its clients participating in Medicare Shared Savings Program (MSSP) ACOs collectively saved $82 million in Medicare expenses. Using NextGen® Population Health, these clients seamlessly integrated patient insights into their EHR systems, significantly enhancing engagement and care quality for over 129,000 beneficiaries. Noteworthy achievements included $42 million in shared savings, averaging $27.85 per member per month, alongside a commendable 83.9% quality score. Hutchinson Clinic, part of this success, saved on Medicare costs while elevating care for South Central Kansas. Chief Growth & Strategy Officer, Srinivas Velamoor, emphasized NextGen’s role in aiding ACOs to meet evolving care standards and excel in value-based healthcare.
NextGen Healthcare, Inc. a leading provider of innovative, cloud-based healthcare technology solutions, today announced that its clients participating in the Medicare Shared Savings Program (MSSP) leveraged NextGen® Population Health to achieve a cumulative $82 million in total Medicare savings last year.
The MSSP incentivizes hospitals, associations of physicians, and other healthcare facilities to form accountable care organizations (ACOs) that optimize resources to save costs and better serve Medicare beneficiaries in their communities.
NextGen’s Impact: Transformative Results in MSSP ACOs Across the Nation
In 2022, nine NextGen Healthcare clients across the nation took part in MSSP ACOs, marking the most recent year for available data. Through the implementation of NextGen Population Health, these entities seamlessly incorporated actionable patient insights into electronic health record (EHR) workflows, ultimately enhancing engagement and elevating the quality of care provided to attributed beneficiaries. With an improved capacity to pinpoint and address gaps in care, the MSSP ACOs demonstrated noteworthy advancements in quality performance. The collective outcomes for the 129,000 Medicare beneficiaries served included:
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– Total Medicare savings amounting to $82 million
– Shared savings reaching $42 million
– An average shared savings of $27.85 per member per month
– An impressive average quality score of 83.9%
Hutchinson Clinic, a NextGen client catering to South Central Kansas and representing a network comprising over 100 physicians and 600 employees, actively participated in an MSSP ACO during the same period, achieving savings for their Medicare beneficiaries.
“As the healthcare landscape increasingly shifts towards value-based care, NextGen Healthcare is helping ACOs leverage data and actionable insights at the point of care to reach evolving standards of clinical and financial excellence,” said Srinivas (Sri) Velamoor, chief growth & strategy officer for NextGen Healthcare. “We are proud to support our client’s commitment to providing high-quality and cost-effective care for Medicare patients and managing their transition to risk-based arrangements.”
Source: Hitconsultant