Wilmington Health has partnered with the AMGA to create the AMGA Value Care Network, a strategic initiative designed to help medical groups and health systems succeed in value-based care.
Medical groups and health systems have been implementing value-based care models such as accountable care organizations (ACOs) for more than a decade. But the fee-for-service model has remained stubbornly in place for many healthcare providers.
In 2013, Wilmington Health launched one of the first ACOs in North Carolina, adopting the Medicare Shared Savings Program ACO model. Currently, Wilmington Health is operating an ACO REACH accountable care organization—a Medicare ACO model that involves full risk.
"The AMGA Value Care Network gives us an opportunity to help other medical groups," says David Schultz, MD, CMO of Wilmington Health. "We have developed competencies with our accountable care organizations, and we think we can share these competencies with other medical groups."
View the infographic below to get four tips from Schultz on performing well in value-based care. Click on this link to see the accompanying HealthLeaders story.
Christopher Cheney is the CMO editor at HealthLeaders.
KEY TAKEAWAYS
Wilmington Health has formed a partnership with AMGA to share its value-based care competencies with other medical groups.
In 2023, Wilmington Health generated $23 million in savings for Medicare, and the medical group is a top quality-metrics performer in its Medicare accountable care organization.
In value-based care, transparency is crucial because it encourages a high level of performance by clinicians.