by DVACO | Aug 25, 2015 | News
Delaware Valley ACO experiences significant success after first year of participation The Centers for Medicare & Medicaid Services today issued 2014 quality and financial performance results showing that more Medicare Accountable Care Organizations (ACOs) continue to generate financial savings while improving the quality of care for Medicare beneficiaries by fostering greater collaboration between doctors, hospitals, and health care providers. When an ACO demonstrates that it has achieved high-quality care and effectively reducing spending of health care dollars above certain thresholds, it is able to share in the savings generated for Medicare. In 2014, 20 Pioneer and 333 Shared Savings Program ACOs generated more than $411 million in savings, which includes all ACOs savings and losses. The results also show that ACOs with more experience in the program tend to perform better over time. Medicare ACOs are groups of doctors, hospitals, and other health care providers, who come together voluntarily to provide coordinated high quality care to their Medicare patients. The goal of coordinated care is to ensure that patients, especially the chronically ill, get the right care at the right time, while avoiding unnecessary duplication of services and preventing medical errors. When an ACO exceeds quality and financial thresholds – demonstrating achievement of high-quality care and wiser spending of health care dollars – it is able to share in the savings generated for Medicare. Delaware Valley ACO (DVACO) was one of the ACOs that generated shared savings. “We at DVACO are very pleased with this early validation of our commitment to moving the business model of health care from one strictly based on volume to one based upon value,...
by DVACO | Aug 7, 2015 | News
Leading Accountable Care Organization will rely on Wellcentive solutions for population health, quality initiatives and advanced care management ATLANTA—Aug. 3, 2015—Wellcentive, the leader in population health management and value-based care solutions, announced that it has signed a five-year agreement to deliver products, services and expanded care management capabilities for the Delaware Valley Accountable Care Organization(DVACO)—one of the largest Medicare Shared Savings Program ACOs in the U.S. Wellcentive will support DVACO’s mission to improve the health of its populations and streamline their transition to value-based reimbursement models. DVACO is a consortium founded and owned by five innovative Philadelphia-area health systems— Thomas Jefferson University Health System , Main Line Health®, Doylestown Health, Holy Redeemer Health System and Magee Rehabilitation Hospital—that recognized the need for collaboration to transform care delivery and adopt value-based reimbursement. The ACO currently covers around 65,000 Medicare beneficiaries, and is expected to grow significantly in the coming years. In addition to its Medicare Shared Savings Program contract, the ACO is preparing to extend its value-based approach to other payers and purchasers. “We are looking forward to partnering with Wellcentive as DVACO continues to make significant progress in this complex transition to value-based care,” said Katherine Schneider, M.D., M.Phil., FAAFP, president and CEO at Delaware Valley ACO. “As our organization continues to grow and evolve, our ability to implement data driven processes to actively manage our populations and control costs is absolutely critical. Wellcentive demonstrated advanced capabilities to help guide our quality initiatives and patient outcomes, ultimately supporting the health of our patient populations and the success of DVACO as we position ourselves during this transformative time for the industry.”...
