Search: Search
User  Name:   
Hospital Newspaper Online Editions
Fairfield County Medical Association
Password:   
What is Remember My ID  
 
Simone Development
Newspaper In Education
Home
News
State News
Columns
Features
Vendor News
Calendar of Events
Trade Shows
Career Section
Resource Directory
Newscast
Shop
Contact Us
Jump to Story
Please enter the story number in the box obove you would like to immediately access
Online Subscription Form
Media Kit
Web Hosting Hospital Newspaper
New Jersey
HackensackAlliance ACO at Hackensack University Medical Center Ranked Third in the Nation for Outstanding Savings and Performance
Story Number is : 110517108
PROVIDED
Hackensack Meridian Health

For the fourth year in a row, the HackensackAlliance Accountable Care Organization (ACO) has realized its mission of providing high quality care to its Medicare patients while reducing health care expenditures. As a participant in the Medicare Shared Savings Program and the Track 1 Model, the HackensackAlliance ACO is now ranked third in the nation, generating more than $50 million in shared savings in 2016. Of that estimated $50 million, the ACO will receive nearly $23 million which participating physicians can use to continue to improve patient care.

"We are proud of the HackensackAlliance ACO's outstanding 2016 results and are honored to be among the top 3 Medicare ACOs in the nation," said Robert C. Garrett, co-CEO of Hackensack Meridian Health. "These results are evidence of the success of a major change in health care, one we are leading. It’s known as value-based care, a big step from traditional fee-for-service medicine. The core change is that doctors and hospitals are paid to keep patients healthy, rather than receiving compensation for every treatment or hospitalization. It’s about providing the right care, at the right place and the right time.”

The HackensackAlliance ACO – one of the first in the nation - was able to achieve such incredible savings and high quality scores through the increased use of data, the hiring of care coordinators who serve as a bridge between patient and physician and improved efficiency.

"Not only has the HackensackAlliance ACO succeeded for four straight years, it has continued to improve year over year," said Mark D. Sparta, FACHE, executive vice president of Population Health Clinical Operations for Hackensack Meridian Health. "Our ACO not only generated the most savings in its history,it also boasted a strong quality score, placing it 3rd in the nation for savings and performance.”

Under the fee-for service model, hospitals and physicians get paid for every treatment or hospitalization, so the cost of care – especially for patients with chronic disease – is typically an expensive revolving door with little monitoring of cost or outcome. In contrast, ACOs rely on a predicted medical expense for the annual care of a patient. Physicians and hospitals are assigned a group of patients and work hard to keep them healthy – and share in the savings when patients remain healthy and out of the hospital.

“Thanks to our physicians’ continued dedication and collaboration, our ACO will receive nearly $23 million for our earned performance payment,” said Morey Menacker, D.O., president of HackensackAlliance ACO. “This will enable our ACO to continue to invest in our patients, helping improve care and make new advancements in care coordination.”



More News From This State
http://www.redcross.org/donate/donation-form.asp
Career Section click here
Career Section click here
Long Term Care Directory
Career Section click here
Health Spaces
Hospital Newspaper
Advertise Here
Hospital Newspaper Columns
Advertise Here
Hospital Newspaper
Advertise Here