CHICAGO--(BUSINESS WIRE)--The Centers for Medicare and Medicaid Services (CMS) announced today that VillageMD-operated ACO entities that participated in the ACO Realizing Equity, Access, and Community Health (ACO REACH) model achieved $140 million in gross savings in 2023 across 75,000 beneficiaries, with $36 million shared back with the government and the remainder reinvested in the care model. VillageMD and other participants in the ACO REACH model generated $1.63 billion in gross savings and $694 million in net savings for Medicare in 2023. Additionally, many of the VillageMD-operated REACH ACOs qualified for the High Performers Pool by demonstrating exceptional performance in quality metrics.
“It’s time to move beyond the ‘sick care’ model that has defined the U.S. health care system,” said Dr. Clive Fields, co-founder and chief medical officer of VillageMD. “As a whole, this program achieves savings for Medicare while empowering patients and providers. This represents meaningful change in our health care system.”
High-quality, coordinated primary care can strengthen the health care system by improving patient outcomes while lowering costs. VillageMD prioritizes holistic care for its patients, helping them stay healthier with a focus on preventive care, wellness, and early detection and management of chronic illnesses.
ACO REACH is an innovative program that rewards high-quality care designed to support patients’ whole health, instead of sick care. 2023 marked the first year of the ACO REACH model, which is the successor to the Direct Contracting model that was introduced in 2021. VillageMD-operated ACO entities have achieved gross savings for Medicare in each of the three years that these models have been in effect.
“There is substantial evidence that primary care-led ACOs are improving patient outcomes while reducing costs,” said Dr. Zenobia Brown, chief clinical officer of VillageMD. “We encourage CMS and federal lawmakers to continue to expand their support for the transition to value-based care.”
VillageMD has been at the forefront of the transition to value in America’s health care system. ACO REACH and other innovative health care models have helped deliver high-quality, affordable care while supporting providers who achieve better health outcomes for their patients.
About VillageMD
VillageMD provides high-quality, accessible health care services for individuals and communities across the United States, with primary, multi-specialty, and urgent care providers serving patients in traditional clinic settings, in patients’ homes and online appointments. Committed to serving all patients and working with all payers, VillageMD consistently innovates value-based care, bringing integrated applications, population insights and staffing expertise to its owned and affiliate practices, ensuring high-quality care, better patient outcomes and a reduction in the total cost of care. Through Village Medical, Village Medical at Home, Summit Health, CityMD and other practices, VillageMD serves millions of patients throughout their lives, wherever and whenever they need care. To learn more, please visit www.villageMD.com.
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.
