NEVADA CITY, Calif., April 20, 2016 /PRNewswire/ -- Providers who want to form an Accountable Care Organization in order to thrive under shifting federal health care reimbursement models face a May 30 application deadline.
Caravan Health, an industry leader in supporting health care providers to transition to value-based payment models, is hosting a public Webcast on Monday, April 25, at 10 a.m. PST [link to Webcast registration here] to educate providers about becoming an Accountable Care Organization (ACO), an Affordable Care Act-enabled structure that brings providers together to improve care coordination for Medicare beneficiaries. The Webcast will also address how Caravan Health supports providers in forming and operating ACOs.
"Organizational complexity, significant financial outlays and the high number of Medicare beneficiaries that must be served are all major barriers to ACO participation," said Caravan Health Chief Transformation Officer Lynn Barr. "Caravan Health offers a proven model that removes barriers and guides providers to collaboratively launch and optimize ACO operations."
Financial risks to health systems for failure to reform have increased with the Department of Health and Human Services' bold pledge to migrate 50 percent of fee-for-service Medicare payments to alternative payment models like ACOs by the end of 2018. At the same time, the ACO program has evolved to give providers more time and experience in the program prior to taking on downside financial risk—reducing providers' financial exposure from system change.
Caravan Health offers a proven model that guides providers to success within the ACO model.
Who We Are
Caravan Health has organized more than 6,000 health care providers into 23 Accountable Care Organizations (ACOs) in the Medicare Shared Savings Program (MSSP). These include 55 rural hospitals, 92 critical access hospitals, 168 rural health clinics, and 39 rural federally qualified health centers serving 500,000 Medicare beneficiaries in 31 states. The organization, which was formerly known as National Rural ACO, also facilitated $46 million in ACO Investment Model (AIM) funding to support ACO operations and local care coordination programs and provides services to the National Rural Accountable Care Consortium, a Transforming Clinical Practice Initiative grantee, that is assisting more than 800 practices in preparing for and participating in value-based payment models. The Consortium includes thousands of physicians in 34 states, and is rapidly expanding.
SOURCE Caravan Health