Collaborative Health Systems ACOs Generate $389 Million in Medicare Savings Since 2012
Through innovative ACO models, providers are improving quality outcomes and reducing costs
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TAMPA, Fla., Jan. 13, 2021 /PRNewswire/ Collaborative Health Systems (CHS) announced today that it helped Medicare healthcare providers generate $389 million in total savings through Accountable Care Organization (ACO) models since 2012, according to figures released by the Centers for Medicare & Medicaid Services (CMS). Performance year 2019 marks the eighth consecutive year that CHS – one of the largest Medicare ACO sponsors in the country – generated savings to Medicare.
CHS helps healthcare providers serving the Medicare population organize and improve the quality, cost, and experience for Medicare beneficiaries through value-based models such as the Medicare Shared Savings Program (MSSP) – including the redesigned model, Pathways to Suc
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TAMPA, Fla., and KNOXVILLE, Tenn., Jan. 13, 2021 /PRNewswire/ Collaborative Health Systems announced today the Accountable Care Coalition (ACC) of Tennessee, LLC generated $21.2 million in shared savings for performance years 2018 and 2019, according to figures released by the Centers for Medicare & Medicaid Services (CMS).
In performance year 2019, the ACC of Tennessee, which is in its second year in the Next Generation Accountable Care Organization (ACO) Model:
(PRNewsfoto/Collaborative Health Systems)
Achieved an overall quality score of 99%; and,
Generated $15.9 million in shared savings – a 200% increase from performance year 2018. We are proud to report the ACC of Tennessee has generated savings for our providers and the Medicare program for the second consecutive year, said Dr. Bhavana Vora, Medical Director for the Accountable Care Coalition of Tennessee and a partner in Summit Medical Group. We remain committed to provid
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UpdatedTue, Dec 29, 2020 at 11:07 am ET
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Coastal Medical employees recently raised funds to donate over 49,500 pounds of food through the Rhode Island Community Food Bank in an effort to end hunger in Rhode Island. Contributions from Coastal employees were matched dollar-for-dollar by the organization, which resulted in a donation of over $16,500. This was accomplished through Coastal s Charity and Community Service Initiative, which formed in January 2019. Access to healthy food options is more important than ever this year, said Shannon Boyd, the Charity Initiative Leader and Medicaid Accountable Entity Program Manager at Coastal Medical. During these difficult times, the support of Coastal employees went above and beyond to truly make a difference in our community. We greatly appreciate their incredible generosity.