Pioneer Accountable Care Organizations Saved Medicare $61 Million In 2016

The eight remaining health care providers participating in the Pioneer Accountable Care Organization (Pioneer ACO) saved Medicare nearly $61 million in fiscal year 2016, the program's final year of existence. The Pioneer ACO model was a pilot program started in 2012 by the Center for Medicare & Medicaid Services' (CMS') Center for Medicare & Medicaid Innovation. The Pioneer ACO model originally included 32 health care provider organizations that accepted risk of loss in their contracts. They could qualify for shared savings if the ACO met financial and quality of care benchmarks. However over time all but eight dropped out . . .