ACO Development and Implementation
Veralon has extensive experience in helping health systems and hospitals with Medicare ACOs and similar ACO development and implementation, as well as in optimizing performance of existing ACOs. We have also helped develop some of the now more mature and successful payer and risk-contracting organizations.
Veralon can help your organization in all aspects of ACO development, implementation, or optimization, from strategy and organizational readiness, to financial and operational development, to infrastructure assessment.
Veralon provides the strategic and feasibility analysis required to evaluate launching an ACO, assuring that if and when the organization moves to detailed development planning, it will be a productive investment. We address:
- Investment requirements
- Risk and return
- Shared savings, timing and division
- Engaging both independent and employed physicians
- ACO impacts on volumes and revenues, whether from your own ACO or another that might emerge in the market
- Which ACO model to pursue
- Whether the transformations generated by a Medicare ACO will create opportunities for contracting with health plans or self-insured employers
Many organizations have CINs, PHOs or other organizational structures that can support ACO development. The first step in creating an ACO strategy is to assess how the organization’s existing capabilities relate to the organizational, clinical integration and care management requirements for an ACO. If your organization needs to develop a structure, we can assist with that as well (see CIN Development)
Should You Stay or Should You Go? If you’re one of the more than 200 Medicare Shared Savings ACOs facing a “stay or go” choice, you will want to read this.
Once you have made the decision to move ahead, Veralon can assist with detailed preparation including developing an organizational structure if required, planning for quality management and operations, and financial structure and modeling.
- Identifying opportunities to redesign clinical care and better manage your population
- Developing approaches to monitoring performance, using a mixture of standard reports and customized solutions
- Maximizing contracting effectiveness, by monitoring the financial performance of your ACO contracts and positioning you to retrieve money being left on the table
- Designing incentive models that emphasize care goals, teamwork, and individual contributions
- Understanding the system impact—financial impact on all system and partner entities
If you have an operational ACO, and its performance is problematic, Veralon can help your ACO achieve the best performance possible. The work includes:
- Reviewing historical performance and identifying opportunities for improvement
- Assessing infrastructure and making specific recommendations for strengthening it if required
- Engaging primary care physicians to drive improved results
- Determining whether specific providers are depressing your results, and working with those providers on the issues that they need to address