In an NEJM Catalyst article headlined “Success in Hospital-Integrated Accountable Care Organization,” the authors write:
“Conventional wisdom holds that urban academic medical centers are ill-suited for value-based care initiatives such as the Medicare Shared Savings Program (MSSP). Nevertheless, NewYork Quality Care, the MSSP Accountable Care Organization (ACO) established in 2015 as a joint venture between NewYork-Presbyterian, Columbia University Vagelos College of Physicians and Surgeons, and Weill Cornell Medicine, achieved savings in each of its 3 performance years by implementing a range of operational, financial, and analytical initiatives.”
“The creation of NewYork Quality Care has established a blueprint for collaboration that has increased alignment among our three institutions. Looking ahead, our plan is to potentially expand NewYork Quality Care to include additional clinicians and their attributed beneficiaries. We also plan to leverage the care redesign and analytics capabilities that we have developed to inform other such efforts across our three institutions.”
To read the whole article, please hit this link.