October 2017, Morristown, NJ – Optimus Healthcare Partners, a physician-led Accountable Care Organization (ACO), announced today that it has achieved shared savings for a fourth consecutive year through the Medicare Shared Savings Program.
As detailed in the Performance Year (PY) 2016 Financial Reconciliation Reports and 2016 Quality Performance Reports released by the Centers for Medicare & Medicaid Services (CMS), Optimus was able to save Medicare $12,746,800, which netted the ACO shared savings of $5,984,601. The reports also showed that Optimus achieved an overall quality score of 95.8 percent.
“We are extremely pleased that for a fourth consecutive year Optimus Healthcare Partners has been able to achieve shared savings and, more importantly, continues to provide high quality health care,” said John F. Vigorita, MD, President and CEO of Optimus Healthcare Partners. “These achievements are due to the dedication of our participating physician practices and our partner, Atlantic Health System, who have all worked to improve access to care, reduce inappropriate care and improve the coordination of care for the patients we serve.”
Atlantic Accountable Care Organization, a health system and physician partnership which is also affiliated with Atlantic Health System, also recorded a savings to Medicare of $3,554,662, with a quality score of 93.25 percent.
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.
About Optimus Healthcare Partners:
Optimus Healthcare Partners is a physician governed and operated accountable care organization serving its patient population in New Jersey. Optimus was founded by two physician organizations, Vista Health System and Central Jersey Physician Network, and its hospital partner, Atlantic Health System.
Optimus participates in the Medicare Shared Savings Program and similar programs with commercial healthcare insurers in the State of New Jersey.
Optimus has been successful due to dedication to the triple aim of improved patient experience and quality, improved health outcomes for our patient populations, and reduction in the burden of high costs. This achievement is through the efforts of our participating physician practices and our health system partner, Atlantic Health System, by improving access to healthcare, reducing inappropriate care, and improving the coordination of care for the patients we serve.
Optimus currently has approximately 500 participating physicians and a patient population of more than 122,000 attributed covered lives.
About Atlantic ACO
Atlantic ACO is a health system and physician partnership, governed and managed by physicians. It is one of the larger ACOs in the country with close to 2,000 physicians and more than 270,000 attributed covered lives, with documented success in both the Medicare Shared Savings Program and its commercial contracts.
Atlantic Health System through its management of both the Atlantic ACO and Optimus Healthcare Partners is dedicated to bringing value to the health care marketplace and creating a Trusted Network of Caring.
About Atlantic Health System
Atlantic Health System, headquartered in Morristown, N.J., is an integrated health care delivery system powered by a workforce of 16,000 team members dedicated to building healthier communities. The system is comprised of 350 sites of care, including six hospitals: Morristown Medical Center, Overlook Medical Center, Newton Medical Center, Chilton Medical Center, Hackettstown Medical Center and Goryeb Children’s Hospital. Atlantic Health System also supports communities through Atlantic Medical Group, Atlantic Rehabilitation, Atlantic Home Care and Hospice, and its subsidiary, Atlantic Ambulance Corporation. Atlantic Health System sponsors the Atlantic Accountable Care Organization, one of the larger ACOs in the nation, and Optimus Healthcare Partners.