WayPoint Healthcare Advisors Clients Among the Very Top ACO Performers
Last week, the Centers for Medicare & Medicaid Services (CMS) released final first year quality and financial performance results for the Medicare Accountable.
Care Organizations (ACOs). WayPoint Healthcare Advisors is pleased to announce that two of its clients were among the very top performing ACOs that experienced significant shared savings.
Among 220 eligible ACOs, WayPoint client Memorial Hermann ACO in Houston, Texas was the number one Medicare Shared Savings Program (MSSP) performer, delivering CMS $57.83 million in savings. Generating $21.51 million in shared savings, Triad Healthcare Network, LLC in Greensboro, North Carolina delivered the seventh highest amount of shared savings among the MSSP participants.
“We have worked with both of these clients from the MSSP application process through much of the first two years of ACO operations. We are so pleased their hard work and vision has resulted in such positive outcomes for their patients, physicians and the health systems,” said Brett Kirstein, Managing Director.
Since the Medicare Shared Savings Program’s launch in 2012, more than 360 ACOs have been established, serving over 5.6 million Americans with Medicare. These top-performing ACOs have successfully improved the quality of care for Medicare beneficiaries through greater collaboration between doctors, hospitals and healthcare providers and engaging patients in an active and ongoing relationship to keep them healthy.
“We are very proud of our clients and our partnerships with them. They have demonstrated innovation in their approach to reducing costs while improving patient health,” said Jim McCoy, Managing Director. “They deserve great credit and recognition for their achievements.”
WayPoint Healthcare Advisors is a recognized leader in the healthcare advisory industry. Its advisors have served as consultants and senior executives in large healthcare organizations and top consulting firms, developing significant experience in ACO start-up activities, health information technology implementation and patient engagement resource deployment
For more information regarding the Centers for Medicare & Medicaid Services findings please visit http://www.cms.gov/Newsroom/MediaReleaseDatabase/Fact-sheets/2014-Fact-sheets-items/2014-09-16.html