The Centers for Medicare and Medicaid Services announced Monday an additional 89 accountable care organizations, more than doubling the number of ACOs taking part in Medicare shared savings initiatives.

This latest group of ACOs, which launched July 1, brings the total to 154 such organizations, which deliver care to 2.4 million Medicare beneficiaries across the nation. The newest group of ACOs will serve 1.2 million people with Medicare in 40 states and Washington, D.C., Health and Human Services Secretary Kathleen Sebelius says.

Participation in an ACO is voluntary. The HHS anticipates federal savings from this initiative could be up to $940 million over four years.

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