Market Overview

Lightbeam ACO Clients Generate Nearly $1 Billion in MSSP Savings

Share:

In 2019, ACOs generated almost $400 million in shared savings using Lightbeam's population health platform

Lightbeam Health Solutions, the leader in end-to-end population health management solutions and services, announced that Accountable Care Organizations (ACOs) that achieved a positive savings rate using Lightbeam technology generated nearly $400 million in shared savings in the 2019 performance year. ACOs that used Lightbeam's solutions managed 15% of the total patient lives covered under the 2019 MSSP program. ACOs engaged with Lightbeam's Advisory Services achieved an average quality score of 95%.

"The 2019 performance year marks a new milestone for Lightbeam ACO clients," said Pat Cline, CEO of Lightbeam. "Over the last six performance years, Lightbeam ACO clients have generated $995 million in gross savings. This remarkable achievement is underscored by the quality care our clients provide to their patients, aided by Lightbeam's clinical transformation advisors. We are proud to stand in partnership with our clients and look forward to helping them achieve continued financial success."

Recently honored as AMGA's 2020 Distinguished Corporate Partner, Lightbeam is dedicated to helping clients provide high-quality, low-cost care to patients across the United States. This is evident their clients' success in two-sided risk, where clients continue to outperform the market. For the 2019 performance year, Lightbeam's two-sided risk ACOs averaged over $10 million in gross savings, compared to non-Lightbeam two-sided risk ACOs that averaged $6.5 million in gross savings. Lightbeam ACOs also generated 21% higher net PMPY savings ($268 on average) over non-Lightbeam ACOs ($220 average).

About Lightbeam Health Solutions

Lightbeam Health Solutions delivers a revolutionary 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's platform facilitates end-to-end population health management for 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.

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com