LTC ACO Contracts with Eventus WholeHealth
November 16 2020 - 4:01PM
LTC ACO, the first long-term care sponsored Accountable Care
Organization (“ACO”) in the United States, today announced it has
partnered with Eventus WholeHealth (“Eventus”) for the performance
year beginning January 1, 2021. Eventus is a full-service,
physician led provider of interdisciplinary holistic care for
medically vulnerable adults where they live, including skilled
nursing and assisted living facilities as well as private
residences. The aligned relationship will allow Eventus
practitioners who provide primary care to more than 4,000
Traditional Medicare Fee-For-Service beneficiaries in long-term
care facilities in Indiana to participate in the Medicare Shared
Savings Program (“MSSP”) through LTC ACO.
In 2016, LTC ACO began participating in the
Medicare Shared Savings Program. In July 2019, LTC ACO entered into
its second agreement period with CMS accepting up and downside risk
on the Enhanced Track, qualifying it as an Advanced Alternative
Payment Model (AAPM). For the most recent reconciled period in
2019, LTC ACO saved the Medicare Program over $32M while realizing
a quality score of 94.5%. As a result, LTC ACO received a shared
savings distribution of approximately $18.8M, which was shared with
participating providers and reinvested in ACO infrastructure to
support its further growth and success. In addition to sharing in
the shared savings distribution, most participating providers began
to qualify to earn a 5% incentive on all of their Medicare Part B
billings, both ACO and non-ACO billings, as of July 2019 due to the
ACO’s AAPM status.
Through the relationship, LTC ACO and Eventus will
take advantage of each other’s industry-leading expertise to
deliver extraordinary patient outcomes while improving quality and
cost efficiency. Eventus’ 95 physicians and nurse practitioners in
Indiana, join nearly 200 others that contracted with LTC ACO in
2020.
“Providing the highest quality of care for
medically vulnerable adults is our mission at Eventus and we look
forward to utilizing our partnership with LTC ACO to help
demonstrate the ability to improve overall patient outcomes while
managing episodic and chronic costs,” notes Grace E. Terrell, MD
MMM, Chief Executive Officer of Eventus WholeHealth.
Under the partnership, LTC ACO passes along no risk
to Eventus and requires no capital outlay. LTC ACO will educate,
train and report outcomes with the goal of driving improved patient
outcomes, creating healthcare efficiencies and improving quality
measures.
“We are excited to welcome Eventus to our ACO,”
notes Jason Feuerman, President of LTC ACO. “With several years of
experience behind us, along with a successful track record, we are
now able to attract and work with providers like Eventus, to
significantly expand our resident attribution, designed to improve
beneficiary outcomes and create an alternative payment model
throughout the long-term care industry.”
For more information on becoming a partner with LTC
ACO, please call 1-800-906-8382 or visit us at www.ltcaco.com.
ABOUT LTC ACO
LTC ACO is the first post-acute care sponsored
Accountable Care Organization (ACO) in the United States. LTC ACO
is a subsidiary of Genesis HealthCare and began participating in
the MSSP in 2016. Visit our website at www.ltcaco.com.
ABOUT EVENTUS WHOLEHEALTH
Eventus WholeHealth, private equity-backed by
Enhanced Healthcare Partners, was founded in 2014 to provide
physician-led healthcare services for residents and patients of
skilled nursing and assisted living facilities. With our
highly-trained team of primary care physicians, psychiatrists,
nurse practitioners, physician assistants, psychotherapists,
podiatrists, and support staff, our comprehensive, evidence-based
model provides collaborative interdisciplinary care with the
seamless and vital integration of a wide range of specialties. Our
holistic approach ensures better outcomes for the most medically
vulnerable patients and has enabled our growth into five states.
For more information, please visit www.eventuswholehealth.com.
Contact: Lori Mayer Media
Relations 610-283-4995
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