October 2, 2019
JFK Health ACO achieved millions in savings.
JFK Health Accountable Care Organization, one of Hackensack Meridian Health’s Accountable Care Organizations (ACOs), has achieved shared savings for the first time in its history. JFK Health ACO saved more than $10 million overall in performance year 2018.
“The JFK Health ACO is helping transform care here in New Jersey,” said Robert C. Garrett, CEO of Hackensack Meridian Health. “Its unending quest to deliver seamless, coordinated care is evident by its impressive achievement.”
Of the estimated $10 million in total savings achieved by the JFK Health ACO, it will receive approximately $4.23 million which the ACO and its physicians will use to further improve and refine patient care.
“Our performance in 2018 is a culmination of years of hard work by our physicians and skilled care coordinators,” said William F. Oser, M.D., director of JFK Health ACO. “Our team is dedicated to helping keep out patients healthy and active in their community and life.”
The JFK Health ACO also posted robust quality scores, significantly increasing its performance in several key benchmarks when compared to performance year 2017.
“JFK Health ACO’s strong performance in quality and savings is proof of Hackensack Meridian Health’s commitment to a value-based care model and how we’re finding innovative ways to our data in caring for our patients,” said Patrick R. Young, president of Population Health at Hackensack Meridian Health.
This is the second year in a row that JFK Health ACO achieved overall savings. It saved approximately $3 million in performance year 2017.