WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Jan. 10, 2013--
Universal American Corp. (NYSE: UAM) announced today that its
subsidiary, Collaborative Health Systems (CHS), has partnered with 15
additional groups of physicians to form Accountable Care Organizations
(ACOs) that were approved to participate in the Medicare Shared Savings
Program with an effective date of January 1, 2013. Together with the 16
ACOs previously approved by the Centers for Medicare & Medicaid Services
(CMS), CHS has organized 31 ACOs approved for participation in the
Shared Savings Program which include more than 2,000 participating
physicians covering an estimated 300,000 Original Medicare beneficiaries
in 13 states.
CHS will provide care coordination, analytics and reporting, technology
and other administrative services to enable these physicians and their
associated healthcare providers to deliver better quality care, improved
health and lower healthcare costs for their Medicare Fee-for-Service
patients.
“We are delighted to be working with such a talented and diverse group
of physicians to launch these ACOs and build upon our highly successful
Healthy Collaboration® model. The Shared Savings Program is an ideal
structure for us to build on our history of working collaboratively with
healthcare providers to efficiently deliver quality healthcare for the
benefit of people with Medicare,” said Richard Barasch, CEO of Universal
American. “Our work with these 31 ACOs will allow us to use our core
capabilities in the areas of care coordination, provider partnerships
and healthcare analytics for the benefit of providers and the Medicare
Fee-for-Service patients served by these providers. Further, these ACOs
demonstrate our steadfast commitment to working with the government and
with healthcare providers in a collaborative, transparent and fair
manner in our ongoing effort to measurably improve the quality of care
and control healthcare costs for the benefit of the Medicare program and
its beneficiaries.”
For more information about the Medicare Shared Savings Program please
visit
https://www.cms.gov/Medicare/Medicare-Fee-for-Service-Payment/sharedsavingsprogram/index.html?redirect=/sharedsavingsprogram/
About Collaborative Health Systems
Collaborative Health Systems (CHS), a member of the Universal American
Corp. (NYSE: UAM) family of healthcare companies, provides care
coordination, analytics and reporting, technology and other
administrative services to enable physicians and other healthcare
professionals to deliver better care, improved health and lower
healthcare costs to their patients.
About Universal American Corp.
Universal American (NYSE: UAM), through our family of healthcare
companies, provides health benefits to people covered by Medicare and/or
Medicaid. We are dedicated to working collaboratively with healthcare
professionals in order to improve the health and well-being of those we
serve and reduce healthcare costs. For more information on Universal
American, please visit our website at www.UniversalAmerican.com.
Source: Universal American Corp.
Universal American Corp.
Robert A. Waegelein, 914-934-8820
Co-President
& Chief Financial Officer
or
Investor Relations Counsel:
The
Equity Group Inc.
Linda Latman, 212-836-9609
www.theequitygroup.com
