The Centers for Medicare and Medicaid Services has announced formation of 106 new accountable care organizations for Medicare beneficiaries, bring the total to more than 250 ACOs nationwide serving up to 4 million patients.

The ACOs are part of the Medicare Shared Savings program in which providers and the government share health care cost savings above certain thresholds while meeting 33 care quality measures. About half of the ACOs are physician-led organizations serving less than 10,000 beneficiaries, according to CMS.

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