Sound Accountable Care ranked in top 10 percent of total shared savings during our inaugural year
Tacoma, WA — Nov. 20, 2024
Sound Accountable Care, an accountable care organization (ACO) part of Sound Physicians, is proud to announce that it has achieved $22.9M in total shared savings during its inaugural year in the Medicare Shared Savings Program (MSSP). These results place our organization among the top 10 percent of ACOs nationwide. This significant accomplishment underscores Sound Accountable Care’s dedication to enhancing access to high-quality care and improving health outcomes for one of the nation’s most at-risk populations: patients in long-term care and assisted living facilities.
In its inaugural performance year, Sound Accountable Care was able to:
- Decrease patient emergency department visits by 8 percent
- Decrease emergency department to hospital admissions by 9.4 percent
- Decrease short-term hospitalizations by 10.9 percent
Due to the complexity and acuity of long-term care patients, our population also had the highest cost per beneficiary compared to other patients in Medicare ACOs. Even so, Sound Accountable Care achieved the top 6 percent of shared savings for first-year ACOs and top 10 percent in total shared savings, which placed Sound Accountable Care in fifth place nationally for per beneficiary per year (PBPY) savings.
“Our ACO model prioritizes the needs of Medicare’s most vulnerable and highest-acuity populations,” said Mike Camacho, President of Accountable Care for Sound Physicians. “By combining clinical expertise, facility partnerships, advanced data analytics, and innovative technology, we’re driving substantial improvements in care quality for these patients.”
Sound Accountable Care patients are battling septicemia, dementia, and other catastrophic diseases at a rate 11 to 15 times greater than the average Medicare beneficiary. Despite these challenges, Sound Accountable Care’s collaborative approach with providers and facilities demonstrates the potential to significantly impact patient care. With physicians leading Sound Accountable Care, every administrative need and care protocol is built on data, research, and expertise to maximize results in real-world care settings. The impact of Sound Accountable Care’s dedicated clinical team is evident in both patient outcomes and the savings they are able to achieve.
“Our support of provider and facility partners has transformed patient care in the long-term care setting,” said Dr. Tom Kim, Chief Medical Officer for Sound Accountable Care. “We are deeply committed to advancing the quality of long-term care, and these results show that our collaborative approach is making a tangible difference in patients’ lives.”
As part of Sound Physicians, a nationwide physician-led multispecialty medical group, Sound Accountable Care leverages decades of expertise providing high-quality, cost-effective care to support physicians’ and facilities’ successful participation in value-based care programs.
About Sound Accountable Care, a Sound Physicians’ ACO
Sound Accountable Care is a Medicare Shared Savings Program focused exclusively on Medicare beneficiaries living in long-term care and assisted facilities. With strong, dedicated physician leadership and deep roots in value-based care, Sound Accountable Care is committed to bringing better quality of care and satisfaction to patients and better financial performance through deep investments in our people, partners, and technology — including telemedicine as a key component to connect patients with the care they need.
About Sound Physicians
As a physician-founded and –led medical group, our priority is building lasting partnerships with hospitals and health systems to ensure every patient receives the care they need—and deserve. Shaped over two-plus decades by clinical excellence and well-honed business acumen, we’re proud to have more than 4,000 clinicians serving across emergency and hospital medicine, critical care, and anesthesia. Through these specialties, we touch the lives of millions of patients each year in local communities across 45 states. We also support the health and well-being of tens of thousands of long-term care and assisted living facility residents, some of the most vulnerable patients, through our accountable care organization. From addressing universal challenges to unique community needs, we help our partners and clinical teams thrive today and well into the future.