For rural providers, Caravan Health will be responsible for 100% of the Shared Savings Program downside risk in a Caravan-sponsored ACO. This means Caravan's rural clients never have to pay money back to CMS resulting from downside risk in ACO participation. This new offering will ensure that the program is sustainable for rural providers' needs throughout the entirety of the program.
To participate, rural providers simply have to remain in good standing in an ACO and the CHART model. Caravan Health's CEO Tim Gronniger is hosting a webinar on Thursday, April 1 at 4:00pm EST to learn more about this limited time opportunity and to discuss eligibility. Register here for more information.
About Caravan Health:
Caravan Health is a privately held company formed to create a sustainable model for health systems to excel in value-based payment models. Today, Caravan Health's team of more than 150 experts has supported more than 300 health systems with training, data, analytics, patient satisfaction surveys, and evidence-based medicine programs. Through its program of transparency and mutual accountability, Caravan Health has delivered more than 10 times the national average in real savings since 2015. In 2019 and 2020, Caravan Health partners earned $300 million in Medicare savings, over $120 million in shared savings and earned quality scores exceeding 94%. With Caravan Health, now the numbers work.
SOURCE Caravan Health
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