ACO clients using Lightbeam cared for 1.2 million patients and generated 13% of all savings achieved under the program
IRVING, Texas, September 27, 2022--(BUSINESS WIRE)--Lightbeam Health Solutions, the leader in population health management solutions and services, today announced that Accountable Care Organizations (ACOs) leveraging Lightbeam technologies amassed a gross savings of $491 million for the Medicare Shared Savings Program (MSSP) in performance year (PY) 2021. This amounts to 13% of total ACO savings for the year. On average, Lightbeam’s ACO clients saw a 29% higher savings rate than ACOs not using Lightbeam.
One of Lightbeam’s key differentiators regarding cost savings performance and impact is its Advisory Services group. In PY 2021, ACOs leveraging Lightbeam’s Advisory Services generated an average of $10.6 million in savings and an average per-member-per-year (PMPY) savings of $425, which is 18% higher than ACOs not using Lightbeam.
"We are thrilled to see the continued success of the Medicare Shared Savings Program, and we are honored to play a role in that success," says Patrick Cline, CEO of Lightbeam Health Solutions. "This marks the seventh consecutive year that our clients have contributed significant savings to the program, demonstrating their vision of high-quality care at lower costs. As Lightbeam continues to promote health equity and address social vulnerabilities through our technologies and services, we look forward to the ongoing and upcoming successes of ACOs and REACH ACOs."
Since 2014, ACOs in the MSSP program using Lightbeam’s solutions and services have generated billions in savings. Across all value-based care programs, Lightbeam’s estimated total savings approaches $4 billion.
For more information about Lightbeam’s MSSP savings, visit Lightbeam Health Solutions at Table #2 at AMGA IQL22 from September 29 – October 1, 2022. The conference is located at the Gaylord Texan Resort and Convention Center in Grapevine, TX.
About Lightbeam Health Solutions
Lightbeam Health Solutions delivers a proven 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 facilitates 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 Lightbeam on LinkedIn and Twitter.
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