- Partners In Care ACO generated $6.4M in savings and is among top 3 performers statewide under Medicare Shared Savings Program in New Jersey. - While providing high-quality care for patients, Medicare is sharing a portion of these savings with the providers in return.Partners In Care Accountable Care Organization (ACO) generated $6.4 million in savings – an average of $546 per Medicare patient – in 2018. The savings are tracked by the Centers for Medicare and Medicaid Services (CMS), under the
Read More
Ochsner Accountable Care Network Saves $12.9M for Medicare Beneficiaries
- The Ochsner Accountable Care Network reduces the cost of care by $12.87M for over 24,000 Medicare beneficiaries, representing 81% increase in savings per beneficiary and a 12% increase in total savings in 2018. - Development of Outpatient Complex Case Management and MedVantage Clinics was one of the efforts that contributed to the savings.The Ochsner Accountable Care Network, LLC (OACN) is pleased to report its 2018 savings results, which include a reduction in the expected cost of care by
Read More
Geisinger Inks 10-Year Deal to Make Cerner Its Preferred Data Platform
- Geisinger announced a 10-year deal with Cerner to expand its use of the HealtheIntent population health platform and make it the health system’s preferred data platform. - Geisinger plans to use the platform to gain actionable insights and intelligence by bringing together data from across it's health system. - Geisinger and Cerner will also create an innovation team to discover, build and implement transformative health care solutions with AI and machine learning.This morning during the
Read More
IPA, IHANY, Fidelis Care Partner to Address Social Determinants of Health in Upstate New York
Healthy Alliance Independent Practice Association, Innovative Health Alliance of New York, and Fidelis Care join forces to improve health by addressing social determinants of health.Starting October 1st, the new partnership will bring together medical providers and community based organizations (CBOs) to address safe housing, adequate nutrition, employment, and other social determinants of health.Healthy Alliance Independent Practice Association (IPA), Innovative Health Alliance of New York, LLC
Read More
University Hospitals Health System to Deploy NextGen Population Health Platform
- University Hospital Health System has selected NextGen to deploy their population health platform to help enhance patient care. - NextGen Population Health platform aggregates and analyze patient data, and drive meaningful insights across clinical, financial and administrative data.University Hospitals Health System, a health system based in Northern Ohio has selected NextGen to deploy their NextGen Population Health platform that identifies gaps in care and enhances proactive patient health
Read More
5 Steps to Achieving a Mature Enterprise-Class Quality Program
Jeffrey Springer, Sr. VP of Healthcare Solutions for CitiusTech
The game is changing faster than ever as more payer contracts and regulatory programs adopt risk-based models. To be successful, payer and provider organizations know they must increase quality scores and revenue while reducing avoidable medical costs. Yet, the providers who are critical to that success are burned out. According to a recent survey, nearly one-third of providers say their biggest frustration is constant “busy
Read More
Connecticut Launches State-Wide Hospital Quality Scorecard & Cost Estimator
The Connecticut Office of Health Strategy (OHS) has launched a state-wide online hospital quality scorecard and cost estimator solution called Healthcare CT to assist residents in making informed decisions concerning their healthcare among healthcare providers. The website has interactive tables and graphs that allow consumers to search, sort, and filter by entity, quality measure, health topic, and rating. In addition, the solution promotes cost transparency in healthcare improves access to
Read More
Health Catalyst IPO Journey: Future Opportunities & Challenges to Watch
Libby Greene, NASDAQ
Last week saw Health Catalyst common stock begin trading on the Nasdaq Global Select Market. This marks the culmination of a journey that started 11 years ago and provides a great illustration of a start-up that has maximized the potential of the move in healthcare to value-based care. However, the IPO comes at a time where there is some uncertainty gripping the markets it targets and there are several key challenges for Health Catalyst to overcome in order to drive
Read More
ACO Investment Model Reduced CMS Expenditures by $48M
The Accountable Care Organization (ACO) Investment Model (AIM) saved the Centers for Medicare & Medicaid Services (CMS) more than $48M in its first year while promoting improved health care in rural and underserved areas, according to a new study from Abt Associates.The new study reveals that after accounting for the $82.4 million provided to ACOs, AIM reduced CMS expenditures by $48.6 million. Decreases in the number of hospitalizations and use of institutional post-acute care contributed
Read More
Innovaccer Launches Data Solution to Enable ACOs’ Seamless Transition to Value-Based Care
A survey suggests that 71% of accountable care organizations would rather quit the Medicare Shared Savings Program than assume down risks. Although ACOs are leading the transition from volume-based care to value-based care, a lot of them face the lack of confidence in meeting the quality and cost benchmarks. When ACOs don’t have adequate knowledge and control over the network, earning shared savings can be quite challenging. Data from disparate sources such as EHRs, payer claims, PMS and HIEs
Read More