January 2, 2019
The Centers for Medicare & Medicaid Services (CMS) recently announced the 2017 performance year results for the Next Generation Accountable Care Organization (ACO) Model. The CHESS NextGen, LLC ACO (CHESS NextGen) saved $4.3 million in 2017, while achieving an overall quality score of 97.94%. CHESS NextGen participation in 2017 was the second performance year and included the providers from Cornerstone Health Care.
Across the nation, 45 ACOs participated in the NextGen model during the 2017 performance year. The model sets predictable financial targets, enables providers greater opportunities to coordinate care for beneficiaries, and aims to attain the highest quality standards of care. It allows provider groups to assume higher levels of financial risk and reward than are available under the current Medicare Shared Savings Program. The goal of the model is to provide strong financial incentives for ACOs, coupled with tools to support better patient engagement and care management, in order to improve health outcomes and lower expenditures for Medicare beneficiaries.
About CHESS: Founded in 2012, CHESS is a physician-managed health care services company that empowers clinicians and health systems to make the transition to value-based healthcare. Providers practicing medicine in a model in which they are financially rewarded for improving the quality of care and reducing the cost of care delivered to patients allows the introduction of innovative care models that improve patient outcomes. With careful attention to high quality and efficiency, CHESS negotiates payer contracts that enable physicians to share in cost savings. CHESS creates a health care environment that is both patient-centered and clinician-friendly. For more information about CHESS, please visit chesshealthsolutions.com or call 336-821-7060.