Lightbeam Health Solutions Achieves Remarkable Success in PY24
Lightbeam Health Solutions Delivers Impressive Results in PY24
Clients leveraging Lightbeam's Advisory Services achieved the strongest overall results, generating substantial savings and maintaining exceptional quality scores. The recent report indicates that Accountable Care Organizations (ACOs) utilizing Lightbeam's services in the Medicare Shared Savings Program (MSSP) realized over $444 million in gross savings during this performance year.
Savings and Quality Scores Outshine National Averages
In terms of savings, Lightbeam clients recorded an average savings rate of 5.02%, significantly outpacing the 4.72% achieved by ACOs that do not utilize Lightbeam’s services. Each ACO associated with Lightbeam generated around $16.4 million in savings, reflecting the effectiveness of the organization's value-based care approach. Additionally, the quality scores for Lightbeam-supported ACOs averaged 83.02%, surpassing the 81.83% achieved by their non-Lightbeam counterparts.
Stronger Performance Through Advisory Services
Clients engaging with Lightbeam’s Advisory Services experienced even more enhanced 2024 outcomes. Those who collaborated closely with the advisory team realized savings of more than $16.6 million per ACO — the highest in their peer group. This engagement not only resulted in superior financial performance but also contributed to improved quality scores, with an increase of nearly two percentage points over non-Lightbeam peers. The Advisory team's dedicated support helps ACOs navigate complex contracts, apply best practices, and drive improvements across their operations.
Commitment to Value-Based Care
Melissa Tyler, the Vice President of Advisory Services at Lightbeam, emphasized the importance of collaboration and commitment among the MSSP ACO clients. She stated, "These outcomes from our MSSP ACO clients reflect their ongoing collaboration, commitment, and focus on delivering high-quality care — improving patient satisfaction and reducing total costs of care." Lightbeam remains committed to enhancing value-based care delivery by providing clients with data-driven strategies, such as remote patient monitoring and artificial intelligence, to effectively address care gaps and enhance patient outcomes.
Building on Past Successes
Building upon a remarkable history with $3 billion in gross savings from MSSP implementations and $5 billion in value-based care savings since the beginning of the program, Lightbeam aims to continue fostering meaningful outcomes for ACOs nationwide. The partnership between Lightbeam and ACOs is aimed at achieving tangible benefits and lasting impacts in healthcare delivery.
Client Engagement and Future Directions
For further information on how Lightbeam empowers ACOs in the MSSP, you can visit Lightbeam Health Solutions directly or connect with them for personalized experiences, such as demo requests, highlighting their commitment to innovation and client satisfaction.
Frequently Asked Questions
What are the key achievements of Lightbeam in PY24?
Lightbeam clients generated over $444 million in gross savings and achieved an average savings rate of 5.02% in PY24, outperforming non-Lightbeam ACOs.
How does Lightbeam's Advisory Services contribute to client success?
Lightbeam's Advisory Services help ACOs navigate contracts, apply best practices, and achieve significant savings and quality score improvements.
What is the average savings per ACO with Lightbeam?
Clients partnering with Lightbeam averaged around $16.4 million in savings per ACO in PY24.
How important is collaboration for Lightbeam's ACO clients?
Collaboration is crucial as it fosters commitment and focus on delivering high-quality care, leading to improved patient satisfaction and reduced costs.
What future directions does Lightbeam aim for in healthcare?
Lightbeam aims to continue driving innovation in value-based care through data-driven strategies and partnerships with ACOs to enhance healthcare delivery.
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