CareConnectMD Announces 2023 Performance Year Results for its High-Needs ACO REACH
COSTA MESA, Calif.--(BUSINESS WIRE)--CareConnectMD DCE LLC (“CCMD”), a leading ACO for high needs populations and nursing homes, is proud to announce its ranking as the top-performing High-Needs ACO REACH (Realizing Equity, Access, and Community Health) model for performance year 2023. CCMD also excelled in quality performance, earning top scores in key measures representing significant cost reductions and superior outcomes for patients. CCMD’s strong performance demonstrates its effectiveness in bringing value-based high-quality outcomes to long-term care.
“Achieving such strong results with both shared savings and quality outcomes is a testament to our dedication to providing compassionate and effective care”
CCMD has decades of experience delivering care and improving outcomes for post-acute populations. As pioneers in bringing value-based programs to long-term care, they also offer a unique mix of clinical, technological, and operational services to nursing homes and physician groups.
"Achieving such strong results with both shared savings and quality outcomes is a testament to our dedication to providing compassionate and effective care," said Kim Phan, CCMD CEO. "These results reinforce our mission to enhance the quality of life for our patients while demonstrating the transformative potential of value-based care models for complex, high-needs populations."
The organization achieved a remarkable gross savings rate of 29.5%, and for the second time since its conception, was ranked as the #1 participant in the High-Needs ACO REACH model. These savings showcase the effectiveness of its patient-centered approach in reducing healthcare costs while maintaining top-tier quality care.
CCMD’s High-Needs ACO REACH performance highlights for 2023 include:
- Gross savings rate of 29.5%
- Savings per beneficiary of 27% year over year
- Top-performing High-Needs ACO REACH participant in terms of gross savings rate and savings per beneficiary
- Determined to be in the High Performers Pool and to meet the Continuous Improvement and Sustained Exceptional Performance metrics of the High-Needs ACO REACH Program.
“We are incredibly grateful for our 2023 High-Needs ACO REACH results and strive to follow our North Star by providing the best care and support to our patients. Our model is simple: treat each patient as if they were our own Mom or Dad. We continue to be honored with the trust our patients and their family have placed in us, to serve our patients and become a part of their family,” shared Dr. Liliane Idylle, CCMD Chief Medical Officer.
The steadfast commitment on the part of CCMD’s leading providers to restoring patient-centered medical care once again produced exceptional outcomes in 2023. They continue to work with leading clinicians and nursing homes across the United States to organize superior value-based medical delivery for the most complex Medicare beneficiaries.
About CareConnectMD
CareConnectMD is a leading ACO that specializes in serving medically complex and frail populations, delivering personalized care in skilled nursing facilities and patient homes across multiple states. Through a multidisciplinary approach, CCMD integrates primary care, palliative care, and behavioral health services, ensuring comprehensive and coordinated care for its patients.
To learn more, visit https://www.careconnectmd.com/aco-reach.
Disclaimer
The statements contained in this document are solely those of the authors and do not necessarily reflect the views or policies of CMS. The authors assume responsibility for the accuracy and completeness of the information contained in this document.
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