MyHealth First Network (MyHFN) has been awarded a new three-year contract to participate in the Medicare Shared Savings Program (MSSP) established by the Centers for Medicare and Medicaid Services (CMS). The purpose of MSSP is to facilitate coordination and cooperation among providers to improve the quality of care for Medicare fee-for-service beneficiaries and reduce unnecessary costs. Only those providers who are part of an Accountable Care Organization like MyHealth First Network are eligible to participate in MSSP and be rewarded for providing high quality, patient-centered care. MyHFN’s initial contract with MSSP began in 2015 and since then the network has made great strides in transforming care, promoting value, and improving the patient experience for nearly 60,000 Medicare beneficiaries. In the latest performance year results MyHFN achieved the following: Decrease in emergency department visits by 6% Decrease in hospice care spend by 12% Decreases in money and time spent in sk
The American Heart Association (AHA) and the American Medical Association (AMA) recently recognized 41 MyHealth First Network practices that achieved Gold Status for the Target:BP initiative. Launched in 2017, the Target: BP Recognition Program is an extension of Target: BP™—a national initiative between the American Heart Association and American Medical Association aimed at addressing the growing burden of high blood pressure in the U.S. More than 1,100 physician practices and health systems nationwide have joined Target: BP™, sharing a common goal to reduce the number of adult patients with uncontrolled blood pressure and improve health outcomes associated with heart disease. Of the 310 clinics recognized for their achievements in the Target:BP initiative, only 185 were recognized at the Gold level. Practices that received Gold Status successfully brought more than 70% of their patients with hypertension to control—an impactful achievement. MyHFN is pleased to have 41 of the 185 Gol
The Centers for Medicare & Medicaid Services (CMS) announced the 2016 performance year results for the Medicare Shared Savings Program, an initiative encouraging Medicare Accountable Care Organizations (ACO) to better coordinate patient care and reduce healthcare costs. Medicare ACOs are groups of doctors, hospitals, and other health care providers, who come together voluntarily to provide coordinated high quality care to their Medicare patients. The goal of coordinated care is to ensure that patients, especially the chronically ill, get the right care at the right time, while avoiding unnecessary duplication of services and preventing medical errors. When an ACO exceeds quality and financial thresholds – demonstrating achievement of high-quality care and wiser spending of health care dollars – it is able to share in the savings generated for Medicare. MyHealth First Network (MyHFN) is among the 31 percent of ACOs that generated savings during the 2016 performance year. In total, 1
CONTACT: Karen Potter (864) 797-7558 The Centers for Medicare & Medicaid Services (CMS) announced yesterday the 2015 performance year results for the Medicare Shared Savings Program and the Pioneer Accountable Care Organization Model that show physicians, hospitals and health care providers participating in Accountable Care Organizations continue to make significant improvements in the quality of care for Medicare beneficiaries, while achieving cost savings. In 2015, Medicare Accountable Care Organizations had combined total program savings of $466 million, which includes all Accountable Care Organizations’ experiences, for 392 Medicare Shared Savings Program participants and 12 Pioneer Accountable Care Organization Model participants. The results show that more Accountable Care Organizations shared savings in 2015 compared to 2014, and those with more experience tend to perform better over time. Medicare ACOs are groups of doctors, hospitals, and other health care providers, who c
The CMS Alliance to Modernize Healthcare (CAMH) talked recently with LAN Guiding Committee member and MyHFN President Dr. Angelo Sinopoli about the creation of MyHFN and CCI as an initiative to move toward alternative payment models (APMs). John Supra, CCI Executive Director of Operations; Valinda Rutledge, CCI Vice President of Public Payor Health Strategy; and Jennifer Snow, Director of Accountable Communities for GHS also joined the conversation. Click here to read the interview.
89 New Accountable Care Organizations Join Program to Improve Care for Medicare beneficiaries Greenville, SC – MyHealth First Network has been selected as one of 89 new Medicare Shared Savings Program Accountable Care Organizations (ACOs), providing approximately 1.6 million additional Medicare beneficiaries with access to high-quality, coordinated care across the United States, the Centers for Medicare & Medicaid Services (CMS) announced today. That brings the total to 405 Shared Savings Program ACOs serving over 7.2 million beneficiaries.
GREENVILLE, SC – More than 1,800 healthcare providers across nine upstate counties have partnered together to form MyHealth First Network (MyHFN), a physician-led network designed to improve care and address escalating healthcare costs. The U.S. healthcare system is the most costly in the world. According to the Centers for Medicare and Medicaid Services (CMS), national health spending is expected to reach $4.6 trillion by 2020. The problem, however, is not just limited to the United States. Health systems and healthcare providers across the globe are under pressure to find ways to offer increased quality at an affordable cost. As a result, health care is shifting away from its current fee-for service model to one that is focused on value, which is defined as health outcomes achieved per dollars spent.