SOURCE: Accountable Care Options, LLC

Accountable Care Options, LLC

August 28, 2014 13:33 ET

The Centers for Medicare & Medicaid Services Sets September 8 as Deadline for 2015 ACO Participant List Changes

BOYNTON BEACH, FL--(Marketwired - August 28, 2014) - Richard Lucibella, CEO of Accountable Care Options, LLC, reports that the Centers for Medicare & Medicaid Services (CMS) has determined that Monday, September 8 will be the last date to submit change requests for the Accountable Care Organization (ACO) Participant Lists for the performance year beginning January 1, 2015. This was reported in the August Shared Savings Program ACO Spotlight Newsletter, published by CMS.

South Florida-based Accountable Care Options is one of the original 114 Accountable Care Organizations in the nation. Drs. Ivan Lavernia and Francisco Perez-Mesa, both Accountable Care Options directors, are hosting physician-to-physician briefings on Tuesday, August 26 (Broward) and Wednesday, August 27 (Boca) for local family physicians and internists interested in joining prior to the deadline. For more information, call (561) 200-0325 or visit www.aco-fl.com.

Accountable Care Options is the only South Florida primary care-exclusive, primary care-controlled ACO. Providers remain independent and choose their own specialists and vendors. There is no investment or downside risk for its primary care affiliates.

Accountable Care Options was one of only 29 ACOs nationally and two locally, to receive an Interim Shared Savings check in the last contract year: $4.2 million. Physician payments averaged $150,000 per office, or $500 per fee-for-service Medicare patient, 50 percent more than local ACO competitors. This was in addition to their regular Medicare payments. Lower costs for Medicare and high quality scores were achieved by focusing on wellness and prevention, and doing a better job of managing patients with chronic conditions.

About Accountable Care Options, LLC: Accountable Care Options, LLC is a privately owned and managed network of South Florida primary care practices providing coordinated care as part of the Medicare Shared Savings Program. The Accountable Care Organization, or ACO, takes all financial risk in the program, while member physicians receive their normal Medicare payments. The network and physicians share in bonuses paid by Medicare for reaching quality care and savings goals. For more information, visit www.aco-fl.com.

Contact Information