Shared Savings Program

The Shared Savings Program is a healthcare initiative where providers, like hospitals and doctors, work together to deliver efficient, high-quality care. If they successfully reduce unnecessary costs while maintaining quality, they share in the savings with Medicare. Essentially, it rewards providers for improving care efficiency, encouraging them to avoid unnecessary tests or treatments, and to focus on keeping patients healthy and out of the hospital. This program aims to promote better health outcomes and cost savings for both Medicare and healthcare providers.