Meridian Accountable Care Organization, LLC was
started in January 2013.
In its first year, this organization spent
total on its 40,133
individual beneficiaries (including beneficiaries only in the ACO for a partial year).
By comparison, in its benchmark year, it spent $431,396,677 per beneficiary, a difference of $14,890,319. The ACO successfully reported, having earned its participants $7,445,159.
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 2.3%
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 40,133 individual
beneficiaries spent a total 38,887
person-years in the ACO. Partial years are frequently due to things such as new medicare
members entering the ACO and death.