Accountable care organizations continue to improve the quality of care for Medicare beneficiaries while generating financial savings, according to 2015 quality and financial performance data released Thursday.

Alternative payment models such as ACOs are meant to improve quality and health outcomes while reducing the cost of care. Toward those ends, the Centers for Medicare and Medicaid Services announced that more than 400 Medicare ACOs generated in excess of $466 million in total program savings last year. That number includes 392 Medicare Shared Savings Program ACOs and 12 Pioneer ACOs.

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