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NYC Health + Hospitals today announced that its Medicare Shared Savings Program Accountable Care Organization (ACO) will earn $7.2 million from the federal government for reducing avoidable costs and meeting high standards of quality care for patients. NYC Health + Hospitals is the only health system in New York State to achieve savings for twelve years in a row. The ACO saved Medicare $9.8 million for 2024, all while achieving impressive scores across a number of quality-of-care measures. The program achieves savings by supporting primary care providers and care coordination, which prevents unnecessary emergency department visits, avoidable hospitalizations, and other high-cost care for the more than 5,000 Medicare fee-for-service patients who are served through the program.<\/p>\n
\u201cNYC Health + Hospitals has one of the only ACOs in the nation with a record of consistent success,\u201d said Matthew Siegler, CEO of the ACO and NYC Health + Hospitals Senior Vice President of Managed Care and Patient Growth<\/strong>. \u201cWe\u2019ve been successful because patients know they can get compassionate, high quality care from our system, and they keep coming back. This achievement really speaks to the level of service our care team provides every day.\u201d<\/p>\n \u201cAnother year of shared savings is not just a financial milestone, it\u2019s a testament to the power of collaboration, efficiency, and a patient-centered approach. This achievement underscores our commitment to delivering high-quality care while reducing costs, proving that when we work together, everyone benefits,\u201d said Dr. Anthony Okolo, Medical Director of the ACO and Attending Physician at NYC Health + Hospitals\/Kings County<\/strong>. \u201cWe celebrate alongside our providers and administrative leads across NYC Health + Hospitals and are excited to continue our journey toward a healthier, more sustainable healthcare system.\u201d<\/p>\n Since the ACO\u2019s inception in 2013, it has saved Medicare over $101 million, resulting in earned shared savings and subsequent investment of approximately $60.4 million for NYC Health + Hospitals and its community partners.<\/p>\n ###<\/p>\n MEDIA CONTACT<\/strong>: Press Office<\/a><\/p>\n #149-25<\/strong><\/p>\n About NYC Health + Hospitals<\/strong>
NYC Health + Hospitals is the largest municipal health care system in the nation serving more than a million New Yorkers annually in more than 70 patient care locations across the city\u2019s five boroughs. A robust network of outpatient, neighborhood-based primary and specialty care centers anchors care coordination with the system\u2019s trauma centers, nursing homes, post-acute care centers, home care agency, and MetroPlus health plan\u2014all supported by 11 essential hospitals. Its diverse workforce of more than 43,000 employees is uniquely focused on empowering New Yorkers, without exception, to live the healthiest life possible. For more information, visit\u00a0www.nychealthandhospitals.org<\/a>\u00a0and stay connected on Facebook<\/a>,\u00a0Twitter<\/a>, Instagram<\/a> and LinkedIn<\/a>.<\/p>\n