It’s no secret that Medicare providers will have to transition from fee-for-service to fee-for-value in the next few years in order to sustain their profits. The financial downside to remaining in fee-for-service will soon exceed the risks of transitioning to alternative payment systems.
Critical access hospitals (CAHs) could face challenges in accountable care due to their cost-based Medicare reimbursement, but joining an ACO is no less important for these small, often rural facilities.
In a Caravan Health collaborative ACO, a group of unrelated health systems come together to reach the scale necessary not just to participate, but to thrive in accountable care. In the last year, Caravan Health has taken the natural next step and combined lives to form even larger ACOs, including the largest Shared Savings Program ACO in the country with more than 200,000 attributed lives.
The Idaho Hospital Association (IHA) and Caravan Health today announced Idaho’s first statewide accountable care organization (ACO) for Idaho’s community hospitals.
An accountable care organization can transform how care is delivered and prioritize new approaches to population health and primary care. We recently had a conversation with one of our ACO physician leaders, Dr. Divya Sharma, Chief Medical Officer for the Central Oregon Independent Practice Association in Bend, Oregon, about the most important lessons learned from joining an accountable care organization.
Caravan Health will host Eric Shell of Stroudwater Associates to present an interactive webinar on Friday, April 12 at 11 a.m. PDT/2 p.m. EDT to discuss a pressing financial issue for critical access hospitals (CAHs) participating in value-based payment. This webinar will help CAHs understand their options for managing payment uncertainty.
Caravan Health and the Florida Hospital Association (FHA) have teamed up to strengthen health care for Medicare beneficiaries in Florida. FHA will sponsor a statewide accountable care organization (ACO) under which hospitals throughout the state will work together to provide coordinated, high-quality health care while delivering lower costs for patients.
Medicare reimbursement rules are requiring physicians to move from fee-for-service to fee-for-value. Providers may be left wondering how to succeed in value-based payment. Caravan Health is here to explain the changing rules, the ever more complex requirements for health care providers, and the best path forward for success.
New Medicare requirements present hospitals and providers with new opportunities, but not without risk: Physicians must participate in alternative payment models AND take on downside risk or they could face declining incomes.