The Beaumont ACO concluded its 2020 annual meeting of the members last month at the Detroit Athletic Club. We are pleased to announce that 128 members attended the event and participated in our annual election process. The Beaumont ACO had its best year yet in terms of member growth, increase in covered lives and incentive dollars earned and shared with our members. Please read more in the Beaumont ACO Newsletter Vol. 2, Issue 1.
Once again the Beaumont ACO is the top MSSP ACO in Michigan and ranks among the nation’s best! Through our physician/health system partnership, we were able to create over $45 million in shared savings for the Centers for Medicare and Medicaid Services in 2018, of which the Beaumont ACO gets to share in $19.8 million. Please read Vol. 1, Issue 5 for more updates and success of the Beaumont ACO.
Beaumont ACO has entered into a new contract with CMS for the Medicare Shared Savings Program, effective July 1, 2019. The ACO has selected the Enhanced Track, and the contract will be effective for five and a half years, ending December 31, 2024. Please read Vol. 1, Issue 4 for updates and success of the Beaumont ACO.
The Beaumont ACO, working on behalf of our members, was able to secure a new HAP contract effective May 1, 2019. This new contract will offer providers the opportunity to access market best fee-for-service rates on HAP’s commercial HMO and PPO lines of business. This represents a 15% increase on HMO business and a 30% increase on PPO business. The contract also offers providers access to a pay-for-value program that rewards physicians based on performance in quality and utilization metrics. Please read Vol. 1, Issue 3 for updates and success of the Beaumont ACO.
On behalf of the Beaumont ACO board, I want to thank all of you for your continued efforts to making the Beaumont ACO one of the best in the country. Your commitment to quality and efficient health care remains our foundation for success.
We want to expand our success to the entire Beaumont Health network of physicians and, to do that, we have added two extremely talented and knowledgeable physician executive leaders to help with this strategic priority. Please read Vol. 1, Issue 2 for updates and success of the Beaumont ACO.
In looking forward to 2019, the Beaumont ACO is going to continue to pursue the highest quality of patient care possible as well as growing into markets that will benefit from our success. We will be making it easier for physicians to sign up for all our contracts as well as help newly signed physicians utilize best practices that we have gathered over the years to help their practices achieve the success that we have had. Please read Vol.1 Issue 1 for updates and success of the Beaumont ACO.
Beaumont ACO PCP Fee Value-Based Reimbursement Exceed $1.4M
The Beaumont ACO has again excelled in the BCBSM Patient Centered Medical Home (PCMH) Program with 87 physicians receiving PCMH designation this year. Overall 113 physicians from 36 practices were nominated for PCMH designation.... Read More
For the fifth year in a row, the Beaumont ACO exceeded performance goals and helped save Medicare more than $22.4 million by improving care and implementing best practices and cost savings measures for its more than 13,400 Medicare patients. This ranks us 7th nationally among all ACOs in terms of % savings per beneficiary per year, and 1st in the state of Michigan. In 5 years of participation in the program the ACO has created savings for Medicare totaling $88 million.... Read More
To impact the current opioid epidemic in our state, Michigan lawmakers have passed several new laws addressing the prescribing of opioids and other controlled substance. Summary of 2018 Prescribing Legislation …
The board of directors want to personally invite each private practice physician on the medical staff of one of the eight Beaumont Health hospitals to join our organization and begin to enjoy the fruits of our success. We
to offer and some of the benefits are identified throughout this newsletter. Read More
For the fourth year in a row, the Oakwood ACO exceeded performance goals and helped save Medicare more than $14 million by improving care and implementing best practices and cost savings measures for its more than 13,000 Medicare patients.
The ACO has been among the top 10% of ACOs nationwide, in terms of % savings, for all 4 performance years, saving Medicare a total nearing $66 million .... Read More
For the third year in a row, the Oakwood ACO exceeded performance goals and helped save Medicare more than $15 million by improving care and implementing best practices and cost savings measures for its more than 13,000 Medicare
patients. .... Read More
Over 150 Oakwood ACO members attended the 2016 Annual Meeting of the Members. Dr. Abdallah, Chairman of the Board, and Dr. Shah, Vice Chairman, provided an over-view of the achievements of Oakwood ACO during 2015. Board member elections
were also held and results were announced (see page 2). .... Read More
As we move into 2016, we are currently working with our Beaumont Health partners to continue striving toward quality care for our population and making our patients completely satisfied and happy with our care as well as utilizing our
resources efficiently. A lot has changed for the better since 2010 (the year of the Oakwood ACO creation) and we look forward to additional enhancements into the future. .... Read More