Accountable care organizations, or ACOs, have saved more than $1.29 billion since 2012, according to a statement from the Centers for Medicare and Medicaid Services.

All Medicare ACOs saved a total of $466 million in 2015, CMS says.

“The coordinated physician-led care provided by Accountable Care Organizations resulted in better care for over 7.7 million Medicare beneficiaries while also reducing costs,” CMS Acting Administrator Andy Slavitt said in a statement.

By 2018, CMS aims to link 50 percent of all Medicare payments to alternative payment models.

For more information on how the senior living industry is engaging with ACOs, see the July/August issue of Senior Living Executive magazine.

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