FirstCare Contracts with Lubbock Physicians After SWIPA Termination

Last week, the Centers for Medicare & Medicaid Services (CMS) issued 2014 quality and financial performance results showing that more Medicare Accountable Care Organizations (ACOs) continue to generate financial savings while improving the quality of care for Medicare beneficiaries by fostering greater collaboration between doctors, hospitals, and health care providers.
 
Covenant Health’s ACO is one that generated shared savings along with 96 other ACOs performing successfully in 2014. Only 27 percent of ACOs hit their target of generated savings, putting Covenant Health close to the top quartile of performance in that group. Covenant Health created Covenant ACO to help coordinate care among its network providers and patients.
 
“This is a milestone achievement for Lubbock and the entire West Texas and eastern New Mexico region to improve healthcare for our community and patients,” said John Grigson, senior vice president and CFO, Covenant Health, and Covenant ACO president.
 
Click here to read a copy of Covenant Health’s press release announcing these results.