Maryland’s Medicare patients have avoided unnecessary hospitalizations and saved its CMS system approximately $586 million — far exceeding savings targets — over the first three years of its five-year program to evaluate the cost effectiveness of value-based reimbursement, according to a new report by state regulators.

The program, under which hospitals are paid the same reimbursement rates as other providers and pricing is somewhat regulated by the state, is viewed as a pilot program to prove value-based care concepts for a future, nationwide federal rollout.

Learn more here, from the Baltimore Sun.