Company also confirms launch date of
Performance Suite partnership with Humana in North Florida
WASHINGTON, Aug. 24,
2023 /PRNewswire/ -- Evolent Health, Inc. (NYSE:
EVH), a company that specializes in better health outcomes for
people with complex conditions through proven solutions that make
health care simpler and more affordable, announced today that its
accountable care organization (ACO) saved Medicare more than
$55 million in 2022. The Evolent Care
Partners (ECP) ACO had the eighth highest total savings payment out
of 482 ACOs in the Medicare Shared Savings Program (MSSP), putting
it in the top 2 percent.
ECP deploys an innovative approach seeking to improve patient
outcomes while driving down costs. These include comprehensive care
coordination strategies, collaborative partnerships with health
care providers and payers, and data-driven insights identified by
its proprietary platform, Panel Insight.
"Today's results demonstrate the power of Evolent's model for
delivering value-based solutions to people with complex health
conditions," said Evolent President Dan
McCarthy. "The targeted approach to primary care through
Evolent Care Partners offers a highly efficient solution that
creates attractive savings for Medicare and strong physician
compensation."
The ACO—which operates as The Accountable Care Organization,
Ltd.—improved year-over-year quality and reduced costs by 5.6%.
Since the ACO's inception, ECP's proactive population health
strategies have resulted in lower rates of hospital admissions,
emergency department visits and skilled nursing facility visits
than those reported by Medicare. These care management
programs and overall focus on preventive care include delivering
targeted interventions, streamlining care transitions and reducing
the duplication of services. Evolent believes these strategies
resulted in increased patient engagement and improved
provider-patient relationships for the more than 86,000 Medicare
beneficiaries attributed to the ACO in 2022.
ECP's operational model was specifically designed to meet the
needs of independent physician practices, with minimal incremental
administrative burden. Through this collaboration, ACO providers
earn additional income streams.
"I believe working in the Evolent ACO enables our practice to
keep the focus where it belongs—on high quality patient care—while
improving outcomes across our patient panel," said Andy Babcock, MD, president of Raleigh Family
Practice in Raleigh, NC. "We're
very pleased with the ACO's results this year. The revenue we earn
from this collaboration helps us to thrive as an independent
practice."
Evolent also confirmed today that the previously announced
Performance Suite partnership with Humana in North Florida is scheduled to go live on
September 1, 2023.
About Evolent
Evolent (NYSE: EVH) specializes in
better health outcomes for people with complex conditions through
proven solutions that make health care simpler and more affordable.
Evolent serves a national base of leading payers and providers and
is consistently recognized as a top place to work in health care
nationally. Learn more about how Evolent is changing the way health
care is delivered by visiting evolent.com.
About Evolent Care Partners
Evolent Care Partners
(ECP) is Evolent's primary care solution. Its Medicare Shared
Savings Program (MSSP) ACO empowers independent primary care
physicians with the resources needed to participate and succeed
within two-sided performance-based contracts. By working with ECP,
physicians gain access to population health tools and proven care
coordination resources. These resources also help ensure they are
managing administrative requirements most efficiently, which
enables them to spend more time on patient care. Currently, ECP's
ACO—The Accountable Care Organization, Ltd. (TACO)—has over 1,200
providers in its network who care for more than 94,000 Medicare
beneficiaries across 12 states. It has generated nearly
$100 million in gross savings in MSSP
in its first three years in the program. TACO is governed by a
representative board of its participating providers.
Contacts:
Media Relations
Jamie
Manfuso
Director, Content Marketing
Evolent
media@evolent.com
Investor Relations
Seth R. Frank
Vice President,
Investor Relations
Evolent
sfrank@evolenthealth.com
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SOURCE Evolent Health