ACOs sounded great on paper – 5,000 lives and you’re in. But many Medicare Shared Savings Program participants are seeing unreliable financial performance even though they’re doing everything right. For most providers, the missing piece is scale. In 2019, Caravan Health launched the nation’s largest-ever ACO, bringing together 125+ providers across 24 states to help hospitals and health clinics reach the critical mass necessary for predictable savings in the ACO program. The 235,000-life ACO allows providers to scale up while keeping their autonomy.
It’s been a remarkable first year, and we’re ready to share an early look at the results. This first-of-its-kind ACO is projected to bring $38 million in shared savings.
- Tim Gronniger, Caravan Health CEO & President
- Dr. Karna Patel, Tampa General Medical Group Associate Medical Director
- Lori Kelly, Senior Director of Quality Yakima Valley Farm Workers Clinic