A.M. Beajow, M.D. Internal Medicine Associates ACO, P.C was
started in January 2013.
In its first year, this organization spent
total on its 5,921
individual beneficiaries (including beneficiaries only in the ACO for a partial year).
By comparison, in its benchmark year, it spent $70,912,015 per beneficiary, a difference of $3,356,142. The ACO successfully reported, having earned its participants $1,678,071.
This is a Track 1 Shared Savings ACO which means it has accepted
only upside with no downside risk in exchange for a smaller maximum shared savings rate.
If the ACO spends less than 3.62%
per-beneficiary compared to the benchmark years, the participants will
be paid 50% of the savings.
ACOs can request early payments to help finance the startup costs of the ACO. This ACO did not accept any advanced payments.
The 5,921 individual
beneficiaries spent a total 5,766
person-years in the ACO. Partial years are frequently due to things such as new medicare
members entering the ACO and death.