The HackensackAlliance ACO Ranked Among Top ACOs in the Nation

The ACO realized more than $43.6 million dollars in savings

The HackensackAlliance Accountable Care Organization (ACO) has reached its goal of providing coordinated, quality care to its Medicare patients while reducing health care costs. The ACO, one of the first Medicare Shared Savings Program participants in the nation, realized more than $43.6 million in savings in 2017 – placing it sixth out of the country’s 472 ACOs for shared savings. Of the estimated $43.6 million, the ACO will receive more than $18 million, enabling its physicians to further improve patient care.

“For five years in a row, the HackensackAlliance ACO has been ranked among the top ACOs in the country, accomplishing its mission of providing exceptional care while making health care more affordable,” said Robert C. Garrett, co-CEO of Hackensack Meridian Health. “The ACO’s consistent, strong performance is evidence of Hackensack Meridian Health’s commitment to value-based care. As an organization, we are dedicated being a leader in this new health care model – a model that’s focused on keeping patients healthy, active and out of the hospital.”

The HackensackAlliance ACO has successfully realized its savings and quality goals results since its inception in 2012 and consistently is one of the top performers among ACOs across the country. Through its innovative use of data and a skilled team of care coordinators, the ACO has never stopped refining its patient care model and finding new, efficient ways to care for its patients.

“The HackensackAlliance ACO has remained committed to its goal of providing quality care while reducing health care expenditures year after year,” said Mark D. Sparta, FACHE, executive vice president of Population Health Clinical Operations for Hackensack Meridian Health. “For five years this ACO has not only achieved its goal but surpassed its own performance benchmarks.”

“Our physicians are unrelenting in their quest to deliver unsurpassed care,” said Morey Menacker, D.O., president of HackensackAlliance ACO. “The savings that the ACO will receive will enable us to invest in our patients and continue delivering high-caliber care that allows our patients to live their life to the fullest.”

ABOUT HACKENSACK MERIDIAN HEALTH

Hackensack Meridian Health is a leading not-for-profit health care organization that is the largest, most comprehensive and truly integrated health care network in New Jersey, offering a complete range of medical services, innovative research and life-enhancing care.

Hackensack Meridian Health comprises 16 hospitals from Bergen to Ocean counties, which includes three academic medical centers – Hackensack University Medical Center in Hackensack, Jersey Shore University Medical Center in Neptune, JFK Medical Center in Edison; two children’s hospitals – Joseph M. Sanzari Children’s Hospital in Hackensack, K. Hovnanian Children’s Hospital in Neptune; nine community hospitals – Ocean Medical Center in Brick, Riverview Medical Center in Red Bank, Mountainside Medical Center in Montclair, Palisades Medical Center in North Bergen, Raritan Bay Medical Center in Perth Amboy, Southern Ocean Medical Center in Manahawkin, Bayshore Medical Center in Holmdel, Raritan Bay Medical Center in Old Bridge, and

Pascack Valley Medical Center in Westwood; and two rehabilitation hospitals – JFK Johnson Rehabilitation Institute in Edison and Shore Rehabilitation Institute in Brick.

Additionally, the network has more than 450 patient care locations throughout the state which include ambulatory care centers, surgery centers, home health services, long-term care and assisted living communities, ambulance services, lifesaving air medical transportation, fitness and wellness centers, rehabilitation centers, urgent care centers and physician practice locations. Hackensack Meridian Health has 33,000 team members, and 6,500 physicians and is a distinguished leader in health care philanthropy, committed to the health and well-being of the communities it serves.

The network’s notable distinctions include having one of only five major academic medical centers in the nation to receive Healthgrades America’s 50 Best Hospitals Award for five or more consecutive years, four hospitals among the top 10 in New Jersey by U.S. News and World Report. Other honors include consistently achieving Magnet® recognition for nursing excellence from the American Nurses Credentialing Center, recipient of the John M. Eisenberg Award for Patient Safety and Quality from The Joint Commission and the National Quality Forum, a six-time recipient of Fortune’s “100 Best Companies to Work For,” one of the “20 Best Workplaces in Health Care” in the nation, and the number one “Best Place to Work for Women.” The network was also named to Becker’s Healthcare’s “150 Top Places to Work in Healthcare/2018” list.

Hackensack Meridian Health partnered with Seton Hall University to launch the first private medical school in New Jersey – Hackensack Meridian School of Medicine at Seton Hall University – in more than 50 years to address a growing shortage of physicians and dramatic changes in health care delivery. Additionally, the network partnered with Memorial Sloan Kettering Cancer to find more cures for cancer faster while ensuring that patients have access to the highest quality, most individualized cancer care when and where they need it. Hackensack Meridian Health and Carrier Clinic, New Jersey’s oldest and most respected behavioral health provider, signed a definitive agreement to merge.

Hackensack Meridian Health is a member of AllSpire Health Partners, an interstate consortium of leading health systems, to focus on the sharing of best practices in clinical care and achieving efficiencies.

For additional information, please visit www.HackensackMeridianHealth.org.