Based on its experience helping physicians and hospitals create and manage Accountable Care Organizations (ACOs), Caravan Health just published an analysis showing how small ACOs are cursed by variation in spending caused by statistical noise rather than their own performance. There is a formula to success under this model of value-based payment.
Caravan Health leads the market in guiding health providers as they form and manage Accountable Care Organizations. We have seen ACOs succeed and we have seen them struggle and we have seen that some ACOs – despite their best efforts – fail to realize savings through better care management and prevention.
Just published in Becker’s Hospital Review – Caravan Health Senior Vice President Tim Gronniger discusses ten reasons Accountable Care Organizations can fail.
Health care innovator Lynn Barr, MPH was recognized as one of Berkeley School of Public Health’s 75 most influential alumni on Saturday, April 21, 2018.
One successful partnership is with Reid Hospital, which has provided quality care to the Richmond, Indiana community for more than 100 years. Reid Hospital became interested in the ACO concept to try out alternative models of care delivery.
Understanding the value in big data can make the biggest difference in improving patient care. It’s not enough to just have the data on-hand – physicians and clinical staff must have clear, actionable insight into their analytics to effectively meet the needs of their patients.
Many population health strategies focus solely on treating high-cost patients with most of the responsibility left on physicians. While this is an intrinsic element to population health management, Caravan Health’s model thinks globally.
In 2016, 23 of Caravan Health’s Track 1 ACOs increased net patient revenue by 17 percent and saw an improvement in 14 of 17 quality measures. These successes were dependent on Caravan’s data-driven model.
It’s no secret that Caravan Health’s results show that ACOs present the greatest pathway to operational and financial success.