LOUISVILLE, Ky. & LAS VEGAS--(BUSINESS WIRE)--Sep. 1, 2016--
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.
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.”
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.
Source: Kindred Healthcare
Kindred Healthcare
Susan E. Moss, 502-596-7296
Senior Vice
President, Marketing and Communications
or
Silver State ACO
Bruce
Wiggins, 702-528-5037
Governing Board Vice Chairperson