Industry Bulletins | September 30, 2020
Caravan Health ACOs Saved Medicare $154 Million & Earned $50 Million In Shared Savings
In 2019, Caravan Health accountable care organizations (ACOs) earned total savings for Medicare of $154 million. The top Caravan Health performers will receive more than $50 million in shared savings, which go directly back to the participating provider organizations and clinical professionals. Quality performance was also excellent in 2019, with Caravan ACOs averaging 94.1% for 2019.
Nearly half the savings and more than half of the shared payments were generated by the new Caravan Health Collaborative ACO, a nationwide ACO that has more than 235,000 attributed lives and 129 participating provider organizations across the country. This ACO saved . . .