The Centers for Medicare & Medicaid Services (CMS) announced that the Medicare Shared Savings Program, through its work with Accountable Care Organizations (ACOs), groups of doctors, hospitals and other health care providers, saved Medicare money while continuing to deliver high-quality care. Specifically, the program saved Medicare $1.66 billion in 2021 compared to spending targets, marking the fifth consecutive year the program has generated overall savings and high-quality performance results.

More information can be obtained at Shared Savings Program | CMS.