AnewCare, an accountable care organization made up of providers in Virginia and Tennessee, has generated more than $46 million dollars in total savings since its creation in 2012, Ballad officials said.
Out of 125 ACOs nationwide that have been in the Medicare Shared Savings Program for the last five years, only 21 have achieved shared savings each year.
For the 2017 performance year, a total of 472 ACOs — groups of doctors, hospitals and other health care providers who collaborate to improve health outcomes — participated in the program.
“I continue to be extremely proud of AnewCare’s dedication to delivering high-quality care while reducing costs,” Dr. John Patterson, chairman of the AnewCare board, said in a press release from Ballad. “Achieving savings the fifth year in a row affirms that our providers are working together effectively to improve the health of the community.
“Along with AnewCare, another accountable care organization in this region also achieved savings for the fifth year in a row. We would like to congratulate our friends at Qualuable for this outstanding achievement.”
For more information, visit anewcare.org.