About us

Financial Performance

ACO Home | Who is Shannon Clinic ACO? | Leadership | Financial Performance | Clinical Quality | Contact Us

A primary objective of Shannon Clinic ACO is to work toward creating financial savings within the healthcare system through the improvement of the quality and delivery of healthcare to Medicare Fee-for-Service patients. We want to demonstrate and communicate the impact of the combined efforts of all those participating in ACO have on the Medicare system. To that end, we will be providing financial updates as to the savings generated and how those funds will be distributed back into the healthcare system.

Medicare Shared Savings Performance - Agreement Period, beginning 2017

 

2017

Total Benchmark Expenditures Minus Total Expenditures

To be completed after the conclusion of the performance year.

Total Savings

To be completed after the conclusion of the performance year.

Minimum Savings Rate %

To be completed after the conclusion of the performance year.

Minimum Savings Rate

To be completed after the conclusion of the performance year.

Earned Shared Savings/Owe Losses

To be completed after the conclusion of the performance year.


The ACO plans to use any shared savings earned to first cover operating costs and establish adequate reserves to meet future infrastructure needs and operations. It then plans to share savings between the ACO and ACO Participants/provider/suppliers on a 40/60 basis. The ACO will retain 40% of any shared savings after operating costs for the purpose of reinvesting in the development and growth of the ACO.

For general questions or additional information about Accountable Care Organizations, please visit www.medicare.gov/acos.html or call 1-800 MEDICARE (1-800-633-4227). TTY users should call 1-877-486-2048.

Image cover

In this section