Groups of hospitals, doctors and other health providers that agree to coordinate patient care as part of an Obamacare program generated $466 million in savings to the federal Medicare program in 2015, officials said Thursday.
The groups, known as accountable care organizations, provide care for a total of about 7.7 million beneficiaries of Medicare, the program that covers primarily senior citizens.
"Collectively, Medicare Accountable Care Organizations have generated more than $1.29 billion in total Medicare savings since 2012," the Centers for Medicare and Medicaid Services said Thursday.
If the ACOs provide better care through their coordination, as measured by a set of metrics, they can share in the cost savings they achieve for Medicare.
CMS said that for 2015, a total of 125 ACOs out of the 400 ACOs who generated the $466 million in savings to Medicare qualified for shared-savings payments.