Innovaccer, a San Francisco-based healthcare data platform company, proudly announced the success of its partner accountable care organizations (ACOs) that achieved over $264 million in savings across 1 million managed lives. The data has been gathered from different commercial insurance providers and the Medicare Shared Savings Program performance data for 2017.
According to CMS’ results, ACOs in P.Y. 2017 have achieved about $314 million in Medicare savings. More than 60% of the 472 ACOs participating in the shared savings program generated savings and the future of accountable care only looks promising. While only 34% of ACOs could generate enough savings to earn bonus payment, the number is significantly higher from 56% of ACOs generating savings and 31% earning bonuses in 2016.
Innovaccer assists over 10,000 providers in driving efficiency in care with the power of data. With a unified healthcare data platform integrating different practices and powering care initiatives, Innovaccer’s partner ACOs continue to enhance their clinical and financial outcomes with a data-first approach.
“Inmediata Health Group provides software and services to over 10,000 customers in the healthcare market. Inmediata supports providers in Puerto Rico, which is the market with the highest penetration of managed care in the United States. Inmediata leverages Innovaccer’s population health analytics and care management platform to support its care coordination service to primary care physicians with Medicare Advantage patients. These physicians are typically capitated under risk arrangements with quality incentives. Combining Inmediata’s significant cache of financial and clinical data with the Innovaccer’s solution has allowed us to make real improvements in PCP’s Star ratings and MLR,” said Mark W. Rieger, President, and CEO at Inmediata Health Group
Along with cumulatively generating over $264 million in savings, the success of the partner ACOs also includes being the highest savings per beneficiary in the midwest and east coast region for several commercial payers.
“We have used other systems that required our team months of prep work to get data formatted and ingested into their system. Innovaccer has cut that down to a couple of weeks. We were never able to integrate clinical data. The ability to aggregate clinical and claims data is a game changer for us. Having a dedicated account manager from InnovAccer onsite to answer questions, help us better understand the system, and generate reports has helped us rapidly get up in running,” said Dr. Henry Sakowski, CMO at UniNet.
The results are also a testimony of how Innovaccer’s ACO partners deliver efficient care to over 1 million patients. This win can directly reflect on the improvements across critical metrics such as ED visits per 1,000, annual wellness visits, 30-day readmission rates, and more.
Innovaccer also provides consultation and support for organizations and physician groups aiming to become an MSSP ACO. Innovaccer provides consultation on the legal and the technical requirements to participate in the Medicare Shared Savings Program and also assists the aspiring ACOs in operationalizing their initiatives.
