7/11/2012 -

Dr. Navneet Sharda---

Accountable Care of Nevada ACO, LLC to participate as a Medicare Shared Savings Program Accountable Care Organization.

 

Voluntary, New Care Coordination Program Created to Offer High Quality Service and Care to Beneficiaries Through Partnership with Medicare

 

Las Vegas, NV Accountable Care of Nevada announced it has been selected to participate in the Medicare Shared Savings Program (Shared Savings Program) Accountable Care Organization (ACO), a multifaceted new program sponsored by the Centers for Medicare and Medicaid Services (CMS).

Through the Shared Savings Program, Accountable Care of Nevada will work with CMS to provide Medicare fee-for-service beneficiaries with high quality service and care, while reducing the growth in Medicare expenditures through enhanced care coordination.

The providers of Accountable Care of Nevada are honored to accept the CMS challenge to further improve the care we provide to our Medicare patients. Achieving this goal with a focus on containing cost is one of the major issues facing health care today. Although Accountable Care of Nevada intends to utilize state-of-the-art technologies and emphasize evidence-based best practices, the driving force for our providers is their passion to fully engage with patients in improving their health.

 

The Shared Savings Program will reward ACOs that lower the rate of growth in health care costs for Medicare beneficiaries while meeting performance standards on quality of care and putting patients first. ACOs are groups of doctors and other health care providers working together to provide high quality service and care for their patients. Provider participation in an ACO is purely voluntary and Medicare beneficiaries retain their current ability to seek treatment from any provider they wish.

CMS will use robust quality measures to reward ACOs, including Accountable Care of Nevada for providing Medicare beneficiaries with a positive patient experience and better health outcomes, while also reducing growth in Medicare expenditures for the same patient population.

"Accountable Care Organizations will improve coordination and communication among physicians and other providers which will help improve care and lower costs for Medicare beneficiaries,” said Marilyn B. Tavenner, acting administrator of the Centers for Medicare & Medicaid Services. “We are excited to welcome Accountable Care of Nevada as a partner with Medicare and look forward to working with them to improve care for Medicare beneficiaries in Las Vegas and Southern Nevada."

Under the Shared Savings Program, 89 ACOs nation wide have entered into agreements with Medicare to take responsibility for the quality of care furnished to individual beneficiaries in return for the opportunity to share in any savings with the Medicare program for improved care.

The Shared Savings Program was created as part of the Affordable Care Act, the health care reform law of 2010, to better coordinate care for Medicare patients through ACOs. Instead of patients having to navigate the complex health system on their own, these ACOs will work hand-in-hand with patients to ensure patients do not slip through the cracks. ACOs will encourage providers to work more closely together than ever before and offer incentives to providers that better coordinate a patient’s care and treat patients across care settings—including doctors’ offices, hospitals, and other health care settings. The Shared Savings Program is not a Medicare Advantage plan or an HMO. Beneficiaries with fee-for-service Medicare will still have the right to use any doctor or hospital who accepts Medicare, at any time.

Today’s announcement is the culmination of a comprehensive selection process that began in the fall of 2011 with the national release of the Medicare Shared Savings Program application by CMS. Accountable Care of Nevada ACO, LLC was selected based on rigorous eligibility criteria and program requirements.

 

Medicare / Medicaid / SCHIP News

December 4th
Medicare and Medicaid are state- and federal-funded health insurance plans that enable people with a low income to access healthcare in the United States. Find out more about what they are, the plans available, and who can access them.
October 30th
What we thought about life expectancy gaps relating to income may be wrong, a new study suggests. Still, its authors note, these gaps are ever-widening.
October 19th
Good health insurance coverage can mean that a company covers expensive medical treatments. However, with such a range of types of coverage, as well as the complicated nature of the insurance industry, knowing how to select an insurance provider may save …
June 29th
A sudden catastrophic loss of heart function, or cardiac arrest, occurred significantly less among adults who acquired health insurance via the Affordable Care Act (ACA), according to new research in...