Accountable Care Coalition of Mississippi Generated $17.4 Million in Total Savings for the Medicare Shared Savings Program
TAMPA, Fla. and JACKSON, Miss. (Oct. 14, 2019) – Collaborative Health Systems, a WellCare Health Plans, Inc. (NYSE: WCG) company, announced today the more than 340 providers in the Accountable Care Coalition (ACC) of Mississippi generated $17.4 million in total savings for the Medicare Shared Savings Program (MSSP) for performance years 2014 through 2018, according to figures released by the Centers for Medicare & Medicaid Services. Shared savings earned by the Accountable Care Organization (ACO) during the five performance years were over $7.7 million.
This marks the fifth consecutive year the ACC of Mississippi, a Medicare ACO created in 2014, achieved total savings to Medicare. The ACC of Mississippi is a community health center-only ACO. In performance year 2018, the ACC of Mississippi generated more than $6.4 million in total savings for Medicare – a 66% increase from performance year 2017 – and $3 million in shared savings, an increase of over 80% from performance year 2017.
“We are extremely proud to have generated total savings for the the Medicare Shared Savings Program and our providers for the fifth consecutive year,” said Dr. James W. Griffin, Jr., medical director for the Accountable Care Coalition of Mississippi. “We are committed to providing highquality preventive care and chronic disease management to Medicare beneficiaries in our ACO and are grateful the program allows us to demonstrate how we as community health centers can provide increasing value, not only to the healthcare system, but our more than 17,000 Medicare Fee-For-Service beneficiaries in Mississippi.”
“The Accountable Care Coalition of Mississippi is demonstrating how physicians can thrive and retain their independence by embracing value-based care that increases accountability, lowers costs and improves quality,” said Anthony Valdés, president of Collaborative Health Systems. “We look forward to our continued partnership as we work with providers to deepen patient relationships, advance care in our local communities and improve health outcomes.”
Medicare ACOs are groups of doctors, hospitals and other healthcare providers who come together voluntarily to provide coordinated high-quality care to their Medicare beneficiaries, 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 healthcare dollars – it is able to share in the savings generated for Medicare.
The ACC of Mississippi is an MSSP ACO focused on value-based healthcare. As one of eight Track 2 ACOs in the MSSP, the ACC of Mississippi shares in both financial savings and risk.
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About the Accountable Care Coalition of Mississippi
The Accountable Care Coalition of Mississippi, a Community Health Centers-only ACO composed of more than 360 providers in Mississippi and Alabama, is dedicated to improving the quality of health care and lowering the growth rate of health care costs. The Accountable Care Coalition of Mississippi participates in the Medicare Shared Savings Program under a contract with the Centers for Medicare & Medicaid Services. For more information, visit accmississippi.com.
About Collaborative Health Systems
Collaborative Health Systems (CHS), a WellCare Company, is a management services organization that partners with independent primary care physicians as they move to valuebased models. Its core belief is that primary care physicians are in the best position to influence the quality and cost of healthcare. CHS provides comprehensive support for its physician partners by providing management services, risk contracting, and population health capabilities, including actionable data and other tools, to deliver care coordination and closure of gaps in care. CHS provides additional services to secure and deliver favorable value-based contracts with commercial and other health plans. As of July 2019, CHS manages two Next Generation ACOs, nine MSSP ACOs, a Care Transformation Organization and two Independent Practice Associations. For more information, visit www.CollaborativeHealthSystems.com.
About WellCare Health Plans
Headquartered in Tampa, Fla., WellCare Health Plans, Inc. (NYSE: WCG) focuses primarily on providing government-sponsored managed care services to families, children, seniors and individuals with complex medical needs primarily through Medicaid, Medicare Advantage and Medicare Prescription Drug Plans, as well as individuals in the Health Insurance Marketplace. WellCare serves approximately 6.3 million members nationwide as of June 30, 2019. For more information about WellCare, please visit the company's website at www.wellcare.com.
Media Contact:
Alissa Lawver
WellCare Health Plans
813-206-5256
Alissa.Lawver@wellcare.com
Reference: https://data.cms.gov/Special-Programs-Initiatives-Medicare-Shared-Savin/2018-Shared-Savings-Program-SSP-Accountable-Care-O/v47u-yq84
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