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MercyOne and Signify Health team up to prepare for risk-based payment
By Signify Health News on 9/26/22 3:25 PM
MercyOne’s Population Health Services Organization will join a 2023 Signify Health-supported
accountable care organization to improve patient outcomes and manage total costs
Clive, Iowa/Dallas, Texas; September 26, 2022 – MercyOne, a leading health system serving patients in Iowa, announced today it has signed an agreement to participate in a 2023 accountable care organization (ACO) with Signify Health, Inc., a leading health care platform that leverages advanced analytics, technology and nationwide health care networks to create and power value-based payment programs. The 2023 Signify-enabled accountable care organization (ACO) will support MercyOne’s Population Health Services Organization (PHSO) rural providers in their transition to risk-based payment arrangements and better
manage total cost of care for Iowa Medicare patients.
MercyOne PHSO, which currently operates as a clinically-integrated network, will use Signify Health’s unique population health methodologies, in-home services, data and technology infrastructure to advance in value-based care in rural Iowa. MercyOne will work with independent providers in a Signify-supported collaborative ACO to minimize the statistical variance of savings and losses smaller ACOs may experience and protect against risk.
“MercyOne PHSO providers are committed to providing high quality health care and improving cost savings by advancing value-based care,” said Derek Novak, MercyOne PHSO president. “Signify Health is a trusted collaborator that will help us continue to prepare our rural partners for risk-based payment.”
Signify Health supports one of the largest networks of at-risk providers and offers one comprehensive platform to manage total cost of care. In 2020 and 2021, 100% of Signify Health’s collaborative ACO participants earned shared savings.
“Signify Health’s proven methodology delivers the benefits of strong population health to communities and hospitals ready for transformation,” said Tim Gronniger, chief of value-based care solutions at Signify Health. “We are looking forward to helping MercyOne provide the highest quality health care to Iowa patients.”
MercyOne is a connected system of health care facilities and services dedicated to helping people and communities live their best life. MercyOne’s care providers and staff make health the highest priority. The system’s clinics, medical centers, hospitals and affiliates are located throughout the state of Iowa and beyond. Headquartered in central Iowa, MercyOne was founded in 1998 through a collaboration between CommonSpirit Health and Trinity Health – two of the country’s foremost, not-for-profit Catholic health organizations.
About Signify Health
Signify Health (NYSE: SGFY) is a leading healthcare platform that leverages advanced analytics, technology, and nationwide healthcare provider networks to create and power value-based payment programs. Our mission is to build trusted relationships to make people healthier. Our solutions support value-based payment programs by aligning financial incentives around outcomes, providing tools to health plans and healthcare organizations designed to assess and manage risk and identify actionable opportunities for improved patient outcomes, coordination and cost-savings. Through our platform, we coordinate what we believe is a holistic suite of clinical, social, and behavioral services to address an individual’s healthcare needs and prevent adverse events that drive excess cost, all while shifting services towards the home.