Firm additionally confirms launch date of Efficiency Suite partnership with Humana in North Florida
WASHINGTON, Aug. 24, 2023 /PRNewswire/ — Evolent Well being, Inc. (NYSE: EVH), an organization that focuses on higher well being outcomes for individuals with advanced situations by way of confirmed options that make well being care less complicated and extra inexpensive, introduced at this time that its accountable care group (ACO) saved Medicare greater than $55 million in 2022. The Evolent Care Companions (ECP) ACO had the eighth highest complete financial savings cost out of 482 ACOs within the Medicare Shared Financial savings Program (MSSP), placing it within the high 2 %.
ECP deploys an progressive method searching for to enhance affected person outcomes whereas driving down prices. These embrace complete care coordination methods, collaborative partnerships with well being care suppliers and payers, and data-driven insights recognized by its proprietary platform, Panel Perception.
“At the moment’s outcomes show the ability of Evolent’s mannequin for delivering value-based options to individuals with advanced well being situations,” mentioned Evolent President Dan McCarthy. “The focused method to major care by way of Evolent Care Companions provides a extremely environment friendly answer that creates engaging financial savings for Medicare and robust doctor compensation.”
The ACO—which operates as The Accountable Care Group, Ltd.—improved year-over-year high quality and decreased prices by 5.6%. For the reason that ACO’s inception, ECP’s proactive inhabitants well being methods have resulted in decrease charges of hospital admissions, emergency division visits and expert nursing facility visits than these reported by Medicare. These care administration applications and general concentrate on preventive care embrace delivering focused interventions, streamlining care transitions and lowering the duplication of providers. Evolent believes these methods resulted in elevated affected person engagement and improved provider-patient relationships for the greater than 86,000 Medicare beneficiaries attributed to the ACO in 2022.
ECP’s operational mannequin was particularly designed to satisfy the wants of impartial doctor practices, with minimal incremental administrative burden. By this collaboration, ACO suppliers earn further earnings streams.
“I consider working within the Evolent ACO permits our follow to maintain the main focus the place it belongs—on prime quality affected person care—whereas bettering outcomes throughout our affected person panel,” mentioned Andy Babcock, MD, president of Raleigh Household Apply in Raleigh, NC. “We’re very happy with the ACO’s outcomes this yr. The income we earn from this collaboration helps us to thrive as an impartial follow.”
Evolent additionally confirmed at this time that the beforehand introduced Efficiency Suite partnership with Humana in North Florida is scheduled to go reside on September 1, 2023.
Evolent (NYSE: EVH) focuses on higher well being outcomes for individuals with advanced situations by way of confirmed options that make well being care less complicated and extra inexpensive. Evolent serves a nationwide base of main payers and suppliers and is persistently acknowledged as a high place to work in well being care nationally. Study extra about how Evolent is altering the best way well being care is delivered by visiting evolent.com.
About Evolent Care Companions
Evolent Care Companions (ECP) is Evolent’s major care answer. Its Medicare Shared Financial savings Program (MSSP) ACO empowers impartial major care physicians with the assets wanted to take part and succeed inside two-sided performance-based contracts. By working with ECP, physicians acquire entry to inhabitants well being instruments and confirmed care coordination assets. These assets additionally assist guarantee they’re managing administrative necessities most effectively, which permits them to spend extra time on affected person care. At the moment, ECP’s ACO—The Accountable Care Group, Ltd. (TACO)—has over 1,200 suppliers in its community who take care of greater than 94,000 Medicare beneficiaries throughout 12 states. It has generated almost $100 million in gross financial savings in MSSP in its first three years in this system. TACO is ruled by a consultant board of its taking part suppliers.
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SOURCE Evolent Well being