NextGen Healthcare's Value-Based Care Solutions Unlock $102 Million in Medicare Savings
MSSP ACO Participants Show Continued Increase in Quality Scores with Renewed Focus on Efficiency and Cost Savings
REMOTE-FIRST COMPANY — Nov. 21, 2024 – NextGen Healthcare, a leading provider of innovative, cloud-based healthcare technology solutions, today announced that its clients participating in the Medicare Shared Savings Program (MSSP) leveraged its NextGen® Population Health solution to achieve a cumulative $102 million in total Medicare savings last year.
The MSSP incentivizes hospitals, physician associations, and other healthcare facilities to form accountable care organizations (ACOs) that promote cost efficiency and enhance care coordination for Medicare beneficiaries. Eight NextGen Healthcare clients around the country participated in MSSP ACOs in 2023, the most recent year for which data is available. NextGen Population Health helped these organizations integrate actionable patient insights into electronic health record (EHR) workflows to identify and close gaps in care. These eight organizations achieved the following cumulative results for the more than 124,200 Medicare beneficiaries served:
- $102 Million in total savings for Medicare
- $52 Million in shared savings
- $35 average shared savings per member per month (PMPM)
- 86.8% average quality score
"It is gratifying to see that, on average, NextGen Healthcare clients participating in MSSP ACOs achieved quality scores nearly 3% higher than the prior-year performance and 4% higher than the national average for MSSP ACO participants,” said Srinivas (Sri) Velamoor, president and chief operating officer, NextGen Healthcare. “Our clients’ dedication to their mission inspires us—driving us to provide solutions that promote sustainable outcomes and value for all.”
Visit nextgen.com to learn more about how NextGen Healthcare is helping healthcare organizations reduce costs and improve efficiency.
About NextGen Healthcare, Inc.
NextGen Healthcare, Inc. is a leading provider of innovative healthcare technology and data solutions. We are reimagining ambulatory healthcare with award-winning EHR, practice management and surround solutions that enable providers to deliver whole-person health and value-based care. Our highly integrated, intelligent, and interoperable solutions increase clinical quality and productivity, enrich the patient experience and drive superior financial performance. We are on a relentless quest to achieve better healthcare outcomes for all. Learn more at nextgen.com, and follow us on Facebook, X, LinkedIn, YouTube, and Instagram.
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