Transform Care and Thrive in Risk, Together on December 11-12, 2019 in Scottsdale, Arizona
Recent news has been full of stories about the crisis in rural health care. We have seen accounts of physician shortages, hospital closures, and barriers to basic preventive services. Care in rural areas can seem harder and harder to access. But the news about rural health care is not all grim. Some rural providers have been thriving in value-based payment thanks to the leadership of Caravan Health.
Providers involved in the hard work of practice transformation have seen firsthand that a population health-based approach to care delivery can make a huge difference for patients and the quality of care they receive. There are also tremendous financial benefits to practices that change how care is delivered. Recently, the Medicare Payment Advisory Commission (MedPAC) published a report validating the strong financial performance of accountable care organizations in the Medicare Shared Savings Program.
Caravan Health, the nation’s leader in accountable care, today announced that a consortium of seven high-performing physician groups formed a new Pathways to Success accountable care organization (ACO) named Stratum Med ACO, under the company’s collaborative ACO model.
July 2019 is a big month for the Medicare Shared Savings Program (MSSP). This value-based payment program is going through its biggest overhaul since the first MSSP accountable care organizations (ACOs) launched back in 2012. The revamped program, called Pathways to Success, requires ACOs to take financial risk on the cost of care for their patients much more quickly than in the past. The first Pathways ACOs get started on July 1 of this year. Caravan Health, the leader in accountable care for community health systems, is helping several new Pathways ACOs get their start.
Hospitals and physicians can’t afford to fail in population health management. It’s Caravan Health’s mission to ensure that doesn’t happen. Success or failure of population health management is driven by two things: improving coordination of care and having the right data to drive actionable insight into your population health initiatives.
Evidence is mounting about the importance of robust primary care in achieving the Triple Aim of advancing quality of care, reducing costs, and improving the patient experience. Primary care initiatives across the country have shown that enhancing primary care can coordinate service delivery to the benefit of both patients and clinicians.
The Medicare Shared Savings Program requires providers to take risk on the overall cost of care for their patients. To succeed in a risk-based payment model, providers must focus on implementing new population health services that transform the way they deliver care. Change management can be a daunting process, but when done right, providers and patients reap the benefits.
Physicians often come to us with questions about why they should join an ACO. Sometimes they worry they will be asked to do more than ever as they shift from fee-for-service to fee-for-value in Medicare. Recently our Chief Medical Officer, Dr. Anna Loengard, went over strategies to make this shift as seamlessly as possible.