Historical Performance

A primary objective of Physicians Healthcare Collaborative 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 Physicians Healthcare Collaborative 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 2019

202120202019
Total Benchmark Expenditures Minus Total Expenditures$3,869,781
Total Savings$3,869,781
Minimum Savings Rate2.84%
Minimum Savings Rate$3,213,826.14
Earned Shared Savings/Owe Losses$3,207,128.44

Medicare Shared Savings Performance - Agreement Period, Beginning 2016

201820172016
Total Benchmark Expenditures Minus Total Expenditures$2,950,615.20$-1,650,947$-4,274,390
Total Savings$2,950,615.20$0$0
Minimum Savings Rate3%2.8%2.8%
Minimum Savings Rate$3,213,826.14$3,159,372$2,794,588
Earned Shared Savings/Owe Losses$0$0$0

Medicare Shared Savings Performance - Agreement Period, Beginning 2013

201520142013
Total Benchmark Expenditures Minus Total Expenditures$479,019$172,746$530,332
Total Savings$479,019$172,746$530,332
Minimum Savings Rate2.8%2.9%2.8%
Minimum Savings Rate$2,939,858$2,716,818$2,683,228
Earned Shared Savings/Owe Losses$0$0$0

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.