DALLAS--(BUSINESS WIRE)--Sep 20, 2023--
Today Lightbeam Health Solutions, the leader in population health analytics and value-based care enablement technology and solutions, is pleased to announce MSSP Accountable Care Organizations (ACOs) using Lightbeam’s technology and services generated a combined $509M in total savings, and achieved $290M in total earned savings, representing 11% of all earned savings, according to the 2022 Performance Year (PY) Financial and Quality Results data released by CMS.
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Today Lightbeam Health Solutions, the leader in population health analytics and value-based care enablement technology and solutions, is pleased to announce MSSP Accountable Care Organizations (ACOs) using Lightbeam’s technology and services generated a combined $509M in total savings, and achieved $290M in total earned savings, representing 11% of all earned savings, according to the 2022 Performance Year (PY) Financial and Quality Results data released by CMS. Since 2014, MSSP ACOs leveraging Lightbeam’s technology and solutions have generated more than $2.5B in total savings. (Graphic: Business Wire)
Lightbeam’s technology and Advisory Services are a true catalyst for success, aiding clients with cutting-edge strategies to improve performance. Lightbeam clients actively engaged with Advisory Services generated an average PMPY savings of $513, which is 30% higher than ACOs not using Lightbeam. Those same ACO client-partners also saw quality scores 1.6% higher than ACOs not using Lightbeam.
“This year’s MSSP results truly demonstrate how Lightbeam provides true population health enablement,” says Melissa Tyler, Director of Advisory Services at Lightbeam Health Solutions. “Advisory Services helps organizations develop and deploy strategies to meet financial goals within value-based care models by utilizing data-driven insights for actionable care delivery, effectively managing healthcare costs, identifying areas for improvement, and taking a proactive approach to care. Our Population Health Advisors operate in synergy with our clients’ teams — their objectives become our own, and it is a fully collaborative effort from day one.”
In PY 2022, a standout for Lightbeam was the impact of its Deviceless Remote Patient Monitoring® (RPM) solution, CareSignal. MSSP ACOs leveraging Lightbeam’s Deviceless RPM achieved $348 per beneficiary in earned savings, higher than the average for all ACOs at $242 in earned savings per beneficiary. Clients-partners using Deviceless RPM also achieved quality scores that were 3.1% higher than non-Lightbeam ACOs.
CMS’s PY22 Financial and Quality Results data reflects Lightbeam’s continued track record of driving value-based care success for our clients as their primary partner in managing at-risk populations, extending patient reach, elevating patient and provider engagement, and excelling in quality and benchmark performance. Lightbeam leads the industry and serves its client-partners with new functionality, including HCC V28 analytics and Health Equity-focused artificial intelligence.
Since 2014, MSSP ACOs leveraging Lightbeam’s technology and solutions have generated more than $2.5B in total savings. To learn how Lightbeam empowers organizations engaged in MSSP, meet with one of our population health experts at Booth C during NAACOS in Washington, D.C., September 20-22, 2023.
About Lightbeam Health Solutions
Lightbeam Health Solutions delivers a proven model for managing patient populations and associated risk. Lightbeam brings health data into the light using analytics and provides the insight and capabilities healthcare clients need to serve their patients and staff while succeeding clinically and financially. Lightbeam powers population health management for ACO REACH, MSSP ACO, Medicare Advantage, Medicaid, and commercial populations across the country. For more information, visit www.lightbeamhealth.com, and follow Lightbeam on LinkedIn and Twitter.
View source version on businesswire.com:https://www.businesswire.com/news/home/20230920368434/en/
CONTACT: Amanda Hunt
media@lightbeamhealth.com
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: PUBLIC POLICY/GOVERNMENT SOFTWARE HEALTH HEALTHCARE REFORM HEALTH TECHNOLOGY TECHNOLOGY OTHER TECHNOLOGY OTHER HEALTH
SOURCE: Lightbeam Health Solutions
Copyright Business Wire 2023.
PUB: 09/20/2023 10:48 AM/DISC: 09/20/2023 10:48 AM
http://www.businesswire.com/news/home/20230920368434/en
