Rural hospitals and physicians should not be left behind in the movement from volume to value. With the right support, rural and safety net facilities, including FQHCs and critical access hospitals can thrive – not just get by – in value-based payment. Caravan Health is poised and ready to help your practice succeed in an ACO through the new Community Health Access and Rural Transformation (CHART) model from CMS. Caravan’s CEO Tim Gronniger will be holding a webinar on March 4 at 4pm EST to learn more about this opportunity – register here.
Caravan Health knows better than anyone how to make accountable care work for rural communities. From 2016 to 2018, we sponsored 21 rural ACOs in the ACO Investment Model, or AIM. AIM provided start-up funds to small rural ACOs – funds that were paid back through earned shared savings. These small ACOs in AIM were a huge success, saving more than $380 million for Medicare over three years. Caravan Health ACOs were especially successful, we sponsored half the ACOs which earned 60 percent of the savings. This translated to revenue for rural providers as well. For example, in 2019, AIM providers still participating in the program brought home $170,000 on average in shared savings just for that year.
Based on AIM’s resounding success, CMS has announced another round of funding for rural ACOs through the CHART model. This time around, CMS will support rural providers who agree to join Medicare Shared Savings Program ACOs starting in 2022. CHART is an opportunity for rural hospitals and clinicians to get into an ACO with little to no cost. Participants will get upfront funds and per beneficiary funding to defray the costs of participation. We held an informative webinar about CHART – you can find the recording here.
Caravan Health knows the key to success in rural value-based payment and we want providers new to ACOs to hear more about our plans for CHART. We have proven population health strategies as well as a plan to maximize your prescription drug discounts through the 340B program. CMS funding is paid back when your facility earns shared savings – if not, the repayment is waived.
This program will enable rural providers to join an ACO at no cost, and to receive forgivable loans to support their population health operations. Working with Caravan Health will help you turn that seed money into sustainable business models that will generate ongoing revenue. Learn more at a webinar on the letter of interest process on March 4 – visit the link here to sign up today, or reach out to Caravan Health at email@example.com.
Watch this 2-minute clip to learn more.
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