Providing healthcare over sick care is better for patients and reduces costs in our healthcare system. VillageMD and participants in Centers for Medicare & Medicaid Services’ direct contracting model saved our healthcare system $870 million in gross savings in 2022.
The VillageMD practices that participated in the CMMI ACO model generated $60.8 million in gross savings across nearly 77,000 patient lives. That’s because we focus on helping patients get ahead of disease and illness, limiting the progression of conditions to keep patients out of costly and stressful emergency care settings.
Keeping people healthier longer can be a source of immense savings for the healthcare system. The U.S. spends $4.1 trillion in annual healthcare expenditures, more than 90% on patients with chronic and mental health conditions. We’re bringing down these costs while providing high-quality care, promoting prevention, wellness, and the early diagnosis and consistent management of chronic conditions.
The direct contracting model, now known as ACO REACH, supports healthcare organizations in providing value-based care. It’s an innovative model for transitioning away from traditional fee-for-service (transactional) care toward a patient-centered approach.
VillageMD is on a mission to create long-term, trusted relationships between patients and their providers. Innovative federal programs are helping empower providers to focus on delivering better outcomes. VillageMD continues to pursue our founding principle of transforming health care in the United States so that our country can be the global leader in health outcomes regardless of background and income.
Read more from NAACOS (National Association of ACOs): https://bit.ly/474bmZN.