MDLand Attends CCACO’s Press Conference Announcing $5.1 Million in Shared Savings
December 12, 2019
New York, NY --- It is with much excitement that MDLand attended CCACO’s press conference on Thursday, December 12, 2019 announcing that the ACO has earned $5.1 million in shared savings through the Medicare Shared Savings Program (MSSP). This is the fourth consecutive year CCACO has earned shared savings and is ranked 2nd out of 39 ACOs in New York State, and 6th out of all 548 ACOs nationwide in 2019.
In April 2012, CCACO was the first ACO founded in New York City, and the first Chinese community- centered ACO founded in the nation, under the Medicare Shared Savings Program that promotes Medicare system delivery reform. CCACO is a physician led accountable care organization made up of more than 220 physicians serving nearly 10,000 patients within the Chinese communities located in Manhattan, Brooklyn, and Queens.
We value the partnership and relationship we have with CCACO and look forward in continuing to support CCACO in its growth and future successes. Sharing the mutual goals in improving care coordination, and extending high quality care and improved patient outcomes, MDLand works to support the goal to ensure that patients get the right care at the right time, while preventing medical errors and avoiding unnecessary duplication of services. ACOs that meet performance standards on quality of care are eligible to share in generated savings as performance-based bonus payments. MDLand’s iClinic EHR assists CCACO and its providers in maximizing these savings.
As the U.S. healthcare industry moves toward a financial model that is based on value rather than volume, it is safe to say the EHR is an integral component of value-based care. The iClinic EHR is a meaningful use certified EHR offering quality analysis, clinical decision support, and patient engagement tools that coordinates care, identifies high risk patient groups, tracks patient care outside of the ACO and creates performance data feedback to help manage cost and improve care for practices.
ACOs participating in the MSSP must not only demonstrate cost savings but must also demonstrate their ability to maintain quality care, as measured by designated quality measures. MDLand’s robust EHR capabilities supports CCACO and its providers in its offerings to internally monitor its participants’ performance with regard to quality and cost measures by helping practices identify patients who are at higher risk and manage their care accordingly. The use of iClinic is not only important for reporting through the GPRO tool, by directly populating the required quality data, but also allows CCACO to meet additional quality measures, since many of the proposed quality measures are identical to “meaningful use” measures found in the Health Information Technology for Economic and Clinical Health (HITECH) EHR incentive program.