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Before the Centers for Medicare and Medicaid Services finalized regulations last year that require providers to transition to downside risk, Caravan Health began consolidating its ACOs. The company increased the number of beneficiaries in each group and shifted from 38 ACOs to 12. Now, Caravan Health operates six ACOs covering more than 600,000 Medicare enrollees.
Providers participating in Shared Savings Program ACOs will treat about one-fifth of Medicare beneficiaries this year, according to CMS. ACOs are projected to cover 11 million people this year, compared to 10.7 million in 2021 and 11.2 million in 2020.
Summit Healthcare of Show Low, Arizona, and Holy Name Medical Center in Teaneck, New Jersey recently joined one of Caravan Health’s ACOs.
“Caravan Health enables us to maintain our autonomy and manage governance at the local level while being part of a much larger ACO, increasing our chances of success in value-based health care,” Summit Healthcare CEO Shawn Morrow said in a news release.
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