By Joe Damore, FACHE, Service Line Vice President, Strategy, Innovation and Population Health, Premier Inc.
Premier congratulates all of the Next Generation Accountable Care Organizations (NGACOs) for reducing Medicare spending by more than $123 million during the program’s first two years. In performance year 2018, all six NGACO participants in Premier’s Population Health Management Collaborative generated more than $70 million in savings to Medicare, resulting in shared savings payments in excess of $63 million back to their organizations. These six ACOs are truly leaders fostering the movement toward risk-based payment models that push providers to better manage care, improve patient satisfaction and outcomes, and advance innovative care models.
- Bellin Health Partners, Inc.
- CareMount ACO
- Henry Ford Physicians Accountable Care Organization, LLC
- Pioneer Valley Accountable Care, LLC
- Triad HealthCare Network, L.L.C.
- UT Southwestern Accountable Care Network
The NGACO provides the programmatic flexibility and payment evolution needed to break away from the fragmented fee-for-service system and permits the implementation of alternatives that reward quality, safety, coordination and efficiency by progressive industry leaders. We will continue to urge CMS to make the NGACO a permanent voluntary program going forward, support the efforts of industry leading health systems, and work with providers to achieve continued success in these innovative models.
About Premier, Inc.
Premier Inc. (NASDAQ: PINC) is a leading healthcare improvement company, uniting an alliance of more than 4,000 U.S. hospitals and health systems and approximately 175,000 other providers and organizations to transform healthcare. With integrated data and analytics, collaboratives, supply chain solutions, and consulting and other services, Premier enables better care and outcomes at a lower cost. Premier plays a critical role in the rapidly evolving healthcare industry, collaborating with members to co-develop long-term innovations that reinvent and improve the way care is delivered to patients nationwide. Headquartered in Charlotte, N.C., Premier is passionate about transforming American healthcare. Please visit Premier’s news and investor sites on www.premierinc.com; as well as Twitter, Facebook, LinkedIn, YouTube, Instagram and Premier’s blog for more information about the company.