Hospitals are often concerned about the financial changes that could come with ACO participation. Our experience shows that that the ACO model is an ideal business model for hospitals willing to invest their networks, delivering near-term returns even apart from shared savings. Driven by increased wellness utilization and market share, Caravan Health partners thrive.
Hospitals joining Caravan Health ACOs in 2015 and 2016 saw patient revenue growth to 2017 of 35% and 20%, respectively.
We also have found the key to reliably getting shared savings: banding together with other organizations into a Collaborative ACO with at least 100,000 lives. Our expertise in this proven model reveals opportunities for small and mid-sized hospitals to achieve the benefits of scale while maintaining independence by working in Collaborative ACOs that mitigate risk.
At Caravan Health, we benchmark our ACOs against each other and the rest of the country. That discipline drives new models of care delivery that increases outpatient revenues and keeps patients in your network, improving their care experience and your bottom line.