What are Shared Savings Programs?

Shared Savings Programs are payment models where healthcare providers can earn additional payments by reducing healthcare costs while maintaining or improving quality of care. In these programs, providers who keep spending below target amounts while meeting quality benchmarks receive a percentage of the savings. The Medicare Shared Savings Program (MSSP) for Accountable Care Organizations is the most prominent example, encouraging coordinated care and cost efficiency.

Why shared savings programs matter

• Promotes cost efficiency: Incentivizes providers to eliminate wasteful spending
• Rewards quality improvement: Links financial rewards to patient outcomes
• Encourages care coordination: Fosters collaboration among different healthcare providers

How Solace can help

A Solace advocate can help you understand if your providers participate in shared savings programs, explain how these programs might affect your care, and ensure cost-saving measures don't compromise necessary treatments. Advocates can also help navigate care coordination within these programs.