You've probably heard that accountable care organizations participating in the Medicare Shared Savings Program (MSSP) will be held to new rules starting July 1 — and that some large, hospital-owned ACOs are concerned. But what you might have missed is the excellent prognosis for physician-led ACOs.
Just two years into operation, physicians in Alliance Accountable Care Organization (ACO) saved the Medicare program $6.6 million while caring for 11,600 central Texas patients, according to a new report by the Centers for Medicare and Medicaid Services (CMS).
Make it through the challenges of forming an accountable care organization (ACO) for just a couple of years, and the money your groups save can be spectacular — into the millions under the right circumstances.
Recognizing the importance of independent physician practices in bringing about the movement to value-based health care, a group of leading health care organizations have joined together to form the Partnership to Empower Physician-Led Care (PEPC).
The founding members of PEPC are: Aledade, the American Academy of Family Physicians (AAFP), California Medical Association (CMA), Florida Medical Association, Medical Group Management Association (MGMA), and Texas Medical Association/PracticeEdge.
Three regional ACOs unite to expand physician-led value-based care
TMA PracticeEdge, LLC and PracticeEdge Alliance ACO, LLC, announced today the launch of a new physician-led commercial accountable care organization (ACO). The group will begin caring for more than 9,000 patients across the greater Houston region in January, 2017.
TMA PracticeEdge today announces the signing of an agreement to provide ACO Services to UPSA ACO, LLC (UPSA), a group of San Antonio physicians, in conjunction with a Blue Cross and Blue Shield of Texas (BCBSTX) value-based agreement beginning Jan. 1, 2016.
From his languid drawl to the University of Texas Medical School diploma that hangs in his office, there is little doubt Dr. Charlie Stiernberg carries the Lone Star gene. And with it comes a Texas-size craving for independence that has spilled over into his medical practice for the past three decades.
HIStalk Practice recently spoke with Dave Spalding, COO of TMA PracticeEdge, about the new company. Click the link below to read the complete interview.
TMA PracticeEdge today announced a multi-year partnership with Innovista Health Solutions to provide an end-to-end suite of services to power TMA PracticeEdge’s accountable care organization (ACO) services solution. This agreement allows TMA PracticeEdge to immediately provide its ACO customers with market-leading tools to manage value-based contracts.
Physicians have for decades earned a living based on caring for the sick. But in the new world of health care, professionals will earn money based on whether they can keep their patients healthy — a value-based payment system.
Charles Stiernberg, MD, is chief operating officer at Hillcroft Medical Clinic (HMC), a multispecialty facility in Sugar Land.
"For years, we've been a predominately fee-for-service organization, much like most Texas doctors," he said. "It's just the way medicine has been practiced for decades."
But times are changing, and Dr. Stiernberg says physicians in the clinic recently started to consider how a value-based model could keep their practice vital.