Lightbeam Announces 2017 MSSP Performance Results
IRVING, Texas--(BUSINESS WIRE)--Sep 18, 2018--Lightbeam Health Solutions, the leader in end-to-end population health management solutions and services, announced that accountable care organizations (ACOs) using Lightbeam have generated more than $470 million in savings over the last four performance years. In the most recent year, over $158 million was generated by Lightbeam clients. The average amount of savings achieved was $3.7 million, which is 1.7 times the savings generated by the average non-Lightbeam ACO. Lightbeam clients also represented a full 47% of all Track 3 ACO savings and recorded overall higher quality scores.
“The recently proposed rule changes to the MSSP by CMS would cause more than 400 ACOs to be forced to either move from a shared savings to shared risk model, or leave the program,” said Pat Cline, CEO of Lightbeam Health. “As the shared savings program continues to evolve, so do the needs of our clients. Seeing our clients continue to succeed and deliver significant amounts of shared savings year after year is motivating. As provider enterprises take on more risk, a platform like Lightbeam becomes even more critical.”
Lightbeam Health Solutions is providing a free webinar featuring best practices and proven strategies for succeeding with downside risk. The webinar is scheduled for 12pm CDT on Tuesday, September 25, 2018.
Established through the Affordable Care Act, the MSSP facilitates coordination and cooperation among providers that form ACOs to improve the quality of care and reduce unnecessary costs, benefiting more than 9 million patients. A total of 472 ACOs participated in the 2017 MSSP program, generating more than $1.1 billion in total savings.
Link to upcoming webinar - http://www.lightbeamhealth.com/webinar-003.html
About Lightbeam Health Solutions
Lightbeam Health Solutions delivers a revolutionary model for managing patient populations and associated risk. Lightbeam’s vision is to bring health data into the light through the use of analytics and to provide the insight and capabilities healthcare clients need to ensure patients receive the right care at the right time. Lightbeam’s platform facilitates end-to-end population health management for ACOs, payers, provider groups, health systems, and other healthcare organizations aspiring to provide superior care at a lower cost. For more information, visit www.lightbeamhealth.com, and follow us on LinkedIn and Twitter.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180918005314/en/
CONTACT: Lightbeam Health Solutions
Jorge Miranda, 972-831-7270
EVP & Chief Revenue Officer
Laurel Derr, 972-831-7270
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE PRACTICE MANAGEMENT HEALTH GENERAL HEALTH
SOURCE: Lightbeam Health Solutions
Copyright Business Wire 2018.
PUB: 09/18/2018 08:07 AM/DISC: 09/18/2018 08:07 AM