SLPA ACO Celebrates Gainshare Payment for Exceeding Medicare Cost & Quality Goals
SLPA ACO, the accountable care organization of the St. Louis Physician Alliance (SLPA), is pleased to announce that the ACO achieved more than $9 million in total savings in the Medicare Shared Savings Program (MSSP) in 2017, its third year in the program. This savings was accomplished with an overall quality score of 92.91%, which means that the Centers for Medicare & Medicaid Services (CMS) will provide approximately $4 million in shared savings to SLPA ACO. This marks the organization’s second consecutive year of gainshare payments from Medicare and its third straight year of savings – the only organization based in St. Louis to achieve this milestone.
SLPA ACO achieved 2017 program savings of nearly 5% of their benchmark expenditure target for the approximately 18,000 Medicare beneficiaries the network served. According to SLPA ACO Chairman of the Board, Scott Hardeman M.D., “Our continued ability to generate excellent financial and clinical performance results is a testament to the collaboration among our independent organizations resulting in great outcomes for our patients.” He added, “Our physician partners will share in more than two million dollars in gainshare distributions based on their performance.”
SLPA ACO Executive Director, Amy Sullivan, added that “We are proud of what we have built in this market. In providing excellent care to our patients, we created a platform for likeminded physicians to collaborate and improve the care of their patients. Our success has earned us the participation of the Esse Health physician organization starting in 2019 and the continued loyalty and participation of the physicians from the former St. Anthony’s Physician Organization.”
SLPA ACO is comprised of nearly 600 providers including physicians, mid-levels and non-hospital facility participants. The mission of the St. Louis Physician Alliance, the independent physician association (IPA) which incorporates SLPA ACO, is to demonstrate efficient and high quality healthcare to strengthen the position of its members and improve the health of the community. For more information, visit http://stlouisphysicianalliance.com/ .