Genuine Health Group’s ACO Receives Half Of Savings & Will Distribute Majority To Participating Physicians
Genuine Health Group’s president and CEO, Joe Caruncho, announced today that its subsidiary, PremierMD ACO, saved more than $5 million in healthcare costs for the federal Medicare program during 2016 while delivering outstanding care to the thousands of Medicare beneficiaries it serves. The multi-million dollar savings confirmed by the Centers for Medicare and Medicaid Services (CMS) demonstrates how the company’s value-based care model delivers robust financial results along with high quality health outcomes. Genuine’s PremierMD ACO operates under the Medicare Shared Savings Program, which means CMS will reward the company by returning half the savings, or approximately $2.6 million, to the ACO. Genuine Health, in turn, will distribute about 70 percent of the performance payment to its participating doctors. ... |