In 1960, each person spent an average of $164 on their healthcare. In 2015, that cost grew to nearly $10,000. If healthcare spending in the U.S. continues at this rate, 100% of all gross domestic product (GDP) will be spent on healthcare by 2040.1
These staggering numbers illustrate the reason why Revere Health decided to become an Accountable Care Organization (ACO) in 2012 and a Next Generation ACO (NGACO) in 2018. To learn more about our NGACO partnerships, click here.
Healthcare costs are rising and soon they will become unsustainable. Revere Health recognizes this, and that’s why we’ve made the shift to value-based care. We believe we have a responsibility as healthcare providers to lower the cost of care without sacrificing quality.
Value-based care isn’t a phase or a fad, it’s where the healthcare industry is heading and it’s the future of medicine. Revere Health’s value-based care efforts have resulted in over $30 million in savings in the last three years alone for our Medicare patients—all while maintaining consistently high quality scores.
1Source: Centers for Medicaid and Medicare Services (CMS), National Health Expenditure Data
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