Universal American Corp. announced Friday that its subsidiary, Collaborative Health Systems (CHS), has partnered with 15 additional groups of physicians to form accountable care organizations (ACOs), approved to participate in the Medicare Shared Savings Program.
According to a press statement issued by Universal American Corp., the new ACOs will join 16 others, already in collaboration with CHS, bringing the total to 31. The ACOs will participate in the Shared Savings Program as of Jan. 1, 2013.
The 31 ACOS organized by CHS include more than 2,000 participating physicians covering an estimated 300,000 original Medicare beneficiaries in 13 states, according to CHS.
CHS will provide care coordination, analytics and reporting, technology and other administrative services to enable the physicians and their associated healthcare providers to deliver better quality care, improved health and lower healthcare costs for their Medicare fee-for-service patients, officials of Universal American Corp. say.
“We are delighted to be working with such a talented and diverse group of physicians to launch these ACOs and build upon our highly successful Healthy Collaboration (T) model," says Richard Barasch, CEO of Universal American. "The Shared Savings Program is an ideal structure for us to build on our history of working collaboratively with healthcare providers to efficiently deliver quality healthcare for the benefit of people with Medicare.”
“Our work with these 31 ACOs will allow us to use our core capabilities in the areas of care coordination, provider partnerships and healthcare analytics for the benefit of providers and the Medicare fee-for-service patients served by these providers," Barasch says. "Further, these ACOs demonstrate our steadfast commitment to working with the government and with healthcare providers in a collaborative, transparent and fair manner in our ongoing effort to measurably improve the quality of care and control healthcare costs for the benefit of the Medicare program and its beneficiaries.”