Privia Health says ACOs achieved shared savings of $131.7M through MSSP

Privia Health Group announced that its Accountable Care Organizations achieved shared savings of $131.7M through the Medicare Shared Savings Program. The seven ACOs included more than 2,100 providers delivering high-value, cost-efficient care to over 163,000 Medicare beneficiaries in 2022. 2022 Privia Quality Network performance highlights: Delivered total annual average expenditures 8% lower than the median MSSP ACO and 19% lower than total fee-for-service Medicare; Achieved weighted average emergency room utilization 20% lower than the median MSSP ACO and 27% lower than total fee-for-service Medicare; Delivered weighted average outpatient facility spend 19% lower than the median MSSP ACO and 34% lower than total fee-for-service Medicare; Accomplished weighted average inpatient facility spend 12% lower than the median MSSP ACO and 24% lower than total fee-for-service Medicare; and Exceeded primary care physician utilization by 15% compared to both the median ACO and total FFS Medicare/ Since 2014, PQN has delivered total shared savings across government and commercial programs of more than $890 million, including more than $510M through participation in the MSSP. The amount of Medicare MSSP healthcare expenses included in Privia Quality Network has grown from $111M in 2014 to $1.8B in 2022.