Collaborative Health Systems is leader in physician-led Medicare ACOs
ATLANTIC CITY, N.J.--(BUSINESS WIRE)--Apr. 16, 2015--
Chrysalis Medical Services, LLC has selected Collaborative Health
Systems (CHS), a subsidiary of Universal American Corp. (NYSE:UAM), as
its partner to provide resources in care coordination, financial risk
management, analytics and reporting, technology and other administrative
services to its Medicare Accountable Care Organization (ACO), approved
for participation in the Medicare Shared Savings Program starting
The partnership will enable Chrysalis physicians to drive improvements
in the quality and cost of care delivered to more than 11,000 Medicare
Fee-For-Service beneficiaries in Atlantic, Cape May, and Ocean counties.
Chrysalis selected CHS for its expertise in collaborating with provider
groups around the country, helping them to take advantage of new
alternative payment systems, such as ACOs, that reward physicians for
healthcare quality and value. With the addition of Chrysalis, CHS has 25
physician-led Medicare ACO partnerships, more than any other single
company participating in the Medicare Shared Savings Program.
In addition to analytical and technical resources, and Atlantic
City-based staff, CHS will provide operating infrastructure, and
expertise to support Chrysalis’ providers as they drive positive change
in their healthcare market.
Dr. Anthanasios Papastamelos, Chairman for Chrysalis Medical Services,
said his physician group selected CHS because of its experience.
“Collaborative Health Systems brings the expertise, infrastructure and
perspective that we were looking for to move our physician community
forward in the emerging value-based market,” he said.
Jeff Spight, president of Collaborative Health Systems, said the
partnership between CHS and Chrysalis will benefit both the healthcare
providers and their patients. “We are excited about this partnership.
Dr. Papastamelos has shown himself to be a great leader who is
passionate about patient care and sees the benefit of putting Primary
Care Physicians in the driver’s seat to coordinate patients’ care,”
Spight said. “Our organizations are aligned on how we want to improve
the quality of care patients receive, compensate physicians for
delivering quality care, and reduce overall costs to the healthcare
About Chrysalis Medical Services, LLC
Chrysalis Medical Services, LLC was founded in 2013 by physician leaders
to organize the physician community of Southern New Jersey and address
the emerging population health initiatives. Chrysalis physicians provide
care to more than 11,000 patients in Atlantic City, N.J.
About Collaborative Health Systems
Collaborative Health Systems (CHS) is a member of the Universal American
Corp. (NYSE: UAM) family of healthcare companies. CHS partners with
providers throughout the country in the development of Accountable Care
Organizations (ACOs). CHS provides a range of care coordination,
analytics and reporting, technology and other administrative services to
enable physicians and other healthcare professionals to deliver improved
care, improved health and lower healthcare costs to their patients. For
more information, visit http://www.CollaborativeHealthSystems.com.
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.
Chrysalis Medical Services
Anthanasios Papastamelos, 609-926-5451
Robert A. Waegelein, 914-934-8820
& Chief Financial Officer
The Equity Group Inc.