GLENDALE, Calif.--(BUSINESS WIRE)--Apollo Medical Holdings, Inc. (ApolloMed) (OTC-QB: AMEH), an integrated, physician-centric healthcare delivery company, today announced that its subsidiary ApolloMed ACO has increased its member physicians to more than 700 with patient enrollment now at 30,000 Medicare beneficiaries. ApolloMed ACO now has physicians and patients in Los Angeles County and Orange County in Southern California, Alameda County in the San Francisco Bay Area and Tulare County in Central California, as well as in Mississippi and Ohio.
“The goal of ApolloMed ACO is to improve the quality of care for Medicare fee-for-service patients,” stated Warren Hosseinion, M.D., Chief Executive Officer of Apollo Medical Holdings. “We are leveraging our population management and data analytics expertise to more efficiently manage patient costs through improved care delivery with a focus on higher quality patient outcomes, more efficient utilization and better care coordination among providers. Our success has allowed us to expand our ACO network throughout the U.S., and we welcome our new physician partners and patients in Northern California, Mississippi and Ohio.”
In March 2013, ApolloMed announced interim financial results from the Centers for Medicare and Medicaid Services (CMS) that show that ApolloMed ACO decreased expenditures by $3.1 million from its benchmark during the first 12 months of its participation. ApolloMed was one of less than half of the ACOs enrolled in 2012 to reduce costs from their respective benchmarks. ApolloMed ACO’s first performance year covers 18 months, from July 2012 to December 2013, and final year-one performance results will be released by CMS later this year.
About ApolloMed ACO
A subsidiary of Apollo Medical Holdings,
Inc., ApolloMed ACO was one of only eight ACOs selected to participate
in the Medicare Shared Savings Program (MSSP) by CMS in the State of
California in 2012. Physicians in California, Mississippi and Ohio have
joined ApolloMed ACO to enhance patient engagement and lower healthcare
costs through the coordination of care and integration of clinical
services across all aspects of a patient’s healthcare needs – whether in
the primary care office, seeing a specialist, admitted to the hospital
or at home. Through a shared commitment to reducing Medicare
expenditures and delivering superior quality care to its patients,
ApolloMed ACO and its physicians enjoy a culture that supports,
incentivizes and rewards continuous quality improvement across the care
continuum.
About Apollo Medical Holdings, Inc. (ApolloMed)
ApolloMed is
a leading integrated, physician-centric healthcare delivery company
committed to providing exceptional multi-disciplinary care in the
communities it serves. ApolloMed is addressing the healthcare needs of
the nation’s largest population center by leveraging its integrated
healthcare delivery platform comprised of four affiliated and
complementary physician groups: ApolloMed Hospitalists, ApolloMed ACO
(Accountable Care Organization), Maverick Medical Group (Independent
Physician Association) and ApolloMed Care Clinics. ApolloMed strives to
improve medical outcomes with high-quality, cost-efficient care. For
more information, please visit www.apollomed.net.
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under Item 1A. “Risk Factors” of the Company’s Annual Report on Form
10-K for the year ended January 31, 2013 and in any of the Company’s
other subsequent Securities and Exchange Commission filings.
