November 19, 2024- The Centers for Medicare and Medicaid Services (CMS) announced that VillageMD-operated ACO entities that participated in the ACO Realizing Equity, Access, and Community Health (ACO REACH) model achieved $140 million in gross savings in 2023 across 75,000 beneficiaries, with $36 million shared back with the government and the remainder reinvested in the care model. VillageMD and other participants in the ACO REACH model generated $1.63 billion in gross savings and $694 million in net savings for Medicare in 2023. Additionally, many of the VillageMD-operated REACH ACOs qualified for the High Performers Pool by demonstrating exceptional performance in quality metrics.
High-quality, coordinated primary care can strengthen the health care system by improving patient outcomes while lowering costs. VillageMD prioritizes holistic care for its patients, helping them stay healthier with a focus on preventive care, wellness, and early detection and management of chronic illnesses.
ACO REACH is an innovative program that rewards high-quality care designed to support patients’ whole health, instead of sick care. 2023 marked the first year of the ACO REACH model, which is the successor to the Direct Contracting model that was introduced in 2021. VillageMD-operated ACO entities have achieved gross savings for Medicare in each of the three years that these models have been in effect.