Why Should Physicians Participate in Prime ACO?
No cost and no risk to your practice
There is no cost to participate, unlike many other ACOs. Prime Healthcare
is covering all of the enrollment and initiation costs. There is no potential
for decreased revenue or added costs compared to practice prior to participating
with the ACO.
Ensure retention and loyalty of your patients
Patients are competitively being recruited to participate ACOs and HMOs,
therefore allowing your patients to enroll in your ACO will enable you
to secure your patients under your care and preserve their relationships
and loyalty to their physicians.
Increase your potential revenue & market share
Physicians will continue to receive usual reimbursement based on the traditional
fee-for-service basis plus the potential for bonuses from shared savings
generated by being part of the ACO (i.e., reductions in the growth of
the total cost of care for the assigned population of patients). When
shared savings are received, Prime ACO will distribute bonuses of 75%
of the shared savings to the participating physicians and 25% to the participating
hospitals after operating costs.
Be part of the leadership and control of an ACO
Participating providers control seventy-five percent (75%) of the ACO and
can lead their own practices and management with the support and resources
of Prime Healthcare.
Improve your chances for success in the value-based world
Value based payments are coming whether a provider participates with an
ACO or not. Medicare has created a roadmap for ACOs to ease into value-based
reimbursement without losing money or violating anti-trust laws. ACO membership
will allow you to succeed in the new value-based model.
Gain the support and stability of a national hospital system for your practice
As healthcare is rapidly evolving, hospitals are increasingly central to
care and dominating the healthcare market through expansion. As part of
the Prime ACO, your practice will be supported and strengthened by the
resources and stability of Prime Healthcare.