Shared Savings Program
The Shared Savings Program is a healthcare initiative designed to improve patient care while reducing costs. It encourages healthcare providers, such as hospitals and doctors, to work together to deliver high-quality services. When these providers successfully lower healthcare spending while maintaining or improving patient outcomes, they can share in the savings generated.
This program is part of the broader effort by the Centers for Medicare & Medicaid Services (CMS) to promote value-based care. By focusing on efficiency and quality, the Shared Savings Program aims to create a more sustainable healthcare system that benefits both patients and providers.