Silver State ACO: Medicare Shared Savings Program Performance Year 2015 Quality and Financial Results
02 September 2016 - 7:00AM
Business Wire
The Centers for Medicare and Medicaid Services (“CMS”) recently
announced the 2015 performance year results for the Medicare Shared
Savings Program and the Pioneer Accountable Care Organization Model
that show physicians, hospitals and health care providers
participating in Accountable Care Organizations continue to make
significant improvements in the quality of care for Medicare
beneficiaries, while achieving cost savings.
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In 2015, Medicare Accountable Care Organizations had combined
total program savings of $466 million, which includes all
Accountable Care Organizations’ experiences, for 392 Medicare
Shared Savings Program participants and 12 Pioneer Accountable Care
Organization Model participants. The results show that more
Accountable Care Organizations shared savings in 2015 compared to
2014, and those with more experience 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.
Silver State ACO is one of the ACOs that shared savings.
“Silver State ACO started in 2014 and is extremely pleased to be
among only 22% of these ACOs that generated savings for performance
year 2015. We are very proud of our high-quality scores which
helped us achieve the performance payment,” said Bruce Wiggins,
Silver State ACO Co-Founder and Governing Board Vice
Chairperson.
“We’ve said time and again that we are uniquely positioned for
success in a value-based system of healthcare delivery, and our
experience with our partners and patients in the Silver State ACO
demonstrates just that,” said Benjamin A. Breier, President and
Chief Executive Officer of Kindred Healthcare, Inc. (NYSE:KND),
which owns part of Silver State ACO. “This is consistent with
Kindred’s strategy to partner with premier health providers in
order to effectively manage patient care across an entire episode
with improved quality outcomes in local communities
nationwide.”
Additional Resources
Visit the Medicare Shared Savings Program News and Updates
webpage to access the CMS press release and fact sheet, the link to
the Performance Year 2015 results file, and to learn more about the
program.
About Kindred Healthcare
Kindred Healthcare, Inc., a top-90 private employer in the
United States, is a FORTUNE 500 healthcare services company based
in Louisville, Kentucky with annual revenues of approximately
$7.2 billion(1). At June 30, 2016, Kindred through its
subsidiaries had approximately 101,800 employees providing
healthcare services in 2,684 locations in 46 states, including 97
transitional care hospitals, 19 inpatient rehabilitation hospitals,
92 nursing centers, 19 sub-acute units, 617 Kindred at Home home
health, hospice and non-medical home care sites of service, 105
inpatient rehabilitation units (hospital-based) and contract
rehabilitation service businesses which served 1,735 non-affiliated
sites of service. Ranked as one of Fortune magazine’s Most Admired
Healthcare Companies for seven years, Kindred’s mission is to
promote healing, provide hope, preserve dignity and produce value
for each patient, resident, family member, customer, employee and
shareholder we serve. For more information, go to
www.kindredhealthcare.com. You can also follow us on Twitter and
Facebook.
_________
(1) Revenues based upon Kindred consolidated revenues for the
twelve months ended June 30, 2016.
About Silver State ACO
Silver State currently covers the lives of approximately 19,000
Medicare beneficiaries in Southern Nevada through the coordinated
care delivered by about 175 participating physicians and healthcare
providers, including Kindred, which became a strategic owner and
partner in the ACO in May 2014. Similar to other Shared Savings
ACOs, the goal of Silver State 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. The management team at Silver State has
over 80 years of experience in the healthcare field and is
determined to make a difference in the quality of care given its
patients.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160901006427/en/
Kindred HealthcareSusan E. Moss, 502-596-7296Senior Vice
President, Marketing and CommunicationsorSilver State ACOBruce
Wiggins, 702-528-5037Governing Board Vice Chairperson
Kindred Healthcare (NYSE:KND)
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