Medicare Shared Savings Program

The Medicare Shared Savings Program (MSSP) is a healthcare initiative where groups of doctors and hospitals work together to improve care and reduce costs for Medicare patients. If they successfully provide high-quality care while saving money compared to traditional Medicare, they share in the savings. This program encourages providers to coordinate care, avoid unnecessary tests or hospitalizations, and focus on preventive health. It aims to make healthcare more efficient and patient-centered, ultimately benefiting both patients and the broader Medicare system by promoting better health outcomes at lower costs.