Is a physician-owned and operated accountable care organization (ACO) founded in 2011. It comprises of over 200 physicians, most of whom have been practicing for over 10 years, serving approximately 12,000 Medicare beneficiaries within the Chinese communities across New York City's boroughs of Manhattan, Brooklyn, and Queens. The organization includes over 100 primary care physicians as well as specialists in cardiology, gastroenterology, otolaryngology, endocrinology, gynecology/obstetrics, pediatrics, and more.
CCACO is adept at providing and coordinating culturally competent care for patients in this unique community. Its Board of Directors consists of 11 esteemed physicians, each recognized within the community as an expert in their field.
Since its founding, CCACO has achieved significant success thanks to the dedication of its members and staff. By 2019, CCACO had received shared savings for four consecutive years, saving over $33mm in Medicare expenditures. With its success, in July of the same year, CCACO partnered with another successful accountable care organization, Balance ACO, to form SOMOS ACO.
Is the collaboration between CCACO and Balance ACO, created to provide healthcare services and savings for a more diversified community. Balance ACO focuses on the Spanish-speaking communities in the Bronx and New Jersey areas, providing culturally competent care to these populations. This partnership leverages the strengths and expertise of both organizations and aims to provide higher quality and coordinated care to a broader patient population. With its combined resources, SOMOS ACO strives to achieve better health outcomes, improve patient experiences, and reduce healthcare costs for the communities they serve. Since the merger, SOMOS ACO have been able to earn more than $80mm in savings to date!
CCACO becomes the first healthcare group that joins the Accountable Care Organization (ACO) in New York City in 2012.
美華醫療聯盟成为紐約市2012年唯一入選“責任醫療組織”的醫療機構。
51 CCACO members become recognized by the Diabetes Recognition Program under the National Committee for Quality Assurance. This program acknowledges the excellent treatment and management regarding diabetes offered by physicians.
五十一位美華醫療聯盟成員獲得由全國質量保證委員會頒發的糖尿病認證計畫的確認。該計畫認可醫生成員為糖尿病患者所提供的優秀治療及管理。
CCACO celebrates the two-year anniversary of the ACO’s contract with CMS and highlights the shared savings news. CCACO is 1 of only 7 ACOs nationwide to have received an interim shared savings payment and one of 29 that will share in over $1.26 million of shared savings.
美華醫療聯盟慶祝聯盟成立兩周年,並宣讀聯盟的共享儲蓄成果。在過去一年,美華醫療聯盟收到臨時儲蓄。全國範圍內僅有7家責任醫療組織收到該款項。
The Advocate Community Providers, Inc. (ACP), the predecessor of SOMOS, is formed by the joint leadership of the Eastern Chinese American Physicians IPA and CCACO, as well as the Corinthian Medical IPA, Excelsior IPA, and Balance ACO leadership. On the same day, ACP launches the Medicaid Delivery System Reform Incentive Payment (DSRIP) program, which aims to reduce avoidable hospital admission by 25% in the next five years.
和諧社區醫療大聯盟的前身——Advocate Community Providers, Inc. (ACP) 宣告成立。ACP由美東華人執業醫師聯合會、美華醫療聯盟、Corinthian Medical IPA,Excelsior IPA和Balance ACO組成。同日,ACP宣布啟動聯邦醫療輔助計劃的DSRIP項目。該項目旨在於未來五年內減少25%的入院次數。
CCACO announces $4.3 million in shared savings earned through the Medicare Shared Savings Program. The company also saves around $10 million and distributes $3 million to physicians. CCACO ranks second among all New York State ACOs, and in the top 5% of all ACOs nationwide for percentage of expenditures saved in 2015.
美華醫療聯盟宣布其在聯邦醫療保險結余項目中獲得了430萬美元的儲蓄。公司節省共計約1000萬美元,並發放300萬美元給醫生。該成績位居紐約州第二和全國前5%。
CCACO announces $2.7 million in shared savings earned through the Medicare Shared Savings Program. The company saves a total of 6.4 million and distributes $1.4 million to physicians. CCACO ranks sixth among all 38 New York State ACOs and in the top 15% of all ACOs nationwide for percentage of expenditures saved in 2016.
美華醫療聯盟宣布其在聯邦醫療保險結余項目中獲得了270萬美元的儲蓄。公司節省共計約640萬美元,並發放140萬美元給醫生。該成績位居紐約州第六和全國前15%。
CCACO holds a press conference to announce $1.9 million in shared savings earned through the Medicare Shared Savings Program. The company saves $4.4 million and distributes $1 million to physicians. CCACO is one of four ACOs out of the 38 ACOs with beneficiaries in New York State to earn shared savings for three consecutive years. CCACO is in the top 10% of all 472 ACOs with Medicare Shared Savings Program nationwide.
美華醫療聯盟宣布其在聯邦醫療保險結余項目中獲得了190萬美元的儲蓄。公司節省共計約440萬美元,並發放100萬美元給醫生。美華醫療聯盟已連續三年獲得共享結余儲蓄。美華醫療聯盟的節余數額在全國472家責任醫療組織中位居前10%。
CCACO completed its 2nd 3-year agreement with CMS in the Track 1 Model (no downside risk) in June 2019. In July 2019, CCACO formed a strategic alliance with Balance ACO to participate the MSSP Track 3/Enhanced Model, under the new ACO named SOMOS ACO.
在2019年6月,美華醫療聯盟结束了6年的一级结余项目(无风险)。从2019年7月开始,美華醫療聯盟与合作伙伴Balance ACO一起加入了第三级的结余项目。新的ACO命名为SOMOS ACO
The Chinese Community Accountable Care Organization earned $5.1 million in shared savings earned through the Medicare Shared Savings Program for 2018 performance year. The company saved 13.2% ($12 million) over expenditure benchmark and distributed over 74% of shared savings back to the community. CCACO ranks 2nd among all 39 New York State ACOs and 6th out of all 548 ACOs nationwide for percentage of expenditures saved. This is the fourth consecutive year CCACO has earned shared savings.
CCACO held a press conference on December 12, 2019, to announce this news where we were joined by our physicians, partners, public officials, and press. We thank everyone for their continuous support!
美華醫療聯盟其在2018年聯邦醫療保險結余項目中獲得了510萬美元的儲蓄。公司節省共計約1200萬美元,在費用基準下省了13.2%,並發放超過74%的儲蓄回報給醫生。美華醫療聯盟的節余百分比在紐約州內的39家責醫療組織中排名第二,在全國548家責任醫療組織中排名第六。這是美華醫療聯盟連續第四年獲得共享結余儲蓄。
美華醫療聯盟在2019年12月12日召開新聞發佈會宣佈了這一成就。不少我們的醫生成員,政界人士,合作夥伴和媒體都參加了這次新聞發佈會。我們非常感謝大家一直以來的支持!
CMS announced results for the Medicare Shared Savings Program and we are happy to share with our members that both CCACO and SOMOS ACO have generated Shared Savings! This marks the 6th consecutive year CCACO has achieved Shared Savings since our inception into the MSSP program.
CCACO earned $7.2 million in shared savings through the Medicare Shared Savings Program. CCACO's 2019 results continue our trend of improvement shown in 2018. In 2018, we saved CMS $12,171,874 at a Savings Rate of 13.24%. This is an improvement of $3,299,734 and 2.51%! We were ranked #6 nationwide out of 450+ ACOs in 2018 and expect to remain one of the top ACOs this year.
Starting from July 1st of 2019, CCACO officially formed an alliance with our friends at Balance ACO to establish a new entity named SOMOS ACO. Through working and learning from each other, we were able to bring out the best from both organizations and are proud to announce a successful pilot year for SOMOS ACO!.
SOMOS ACO earned $6.3 million in shared savings through the Medicare Shared Savings Program. The first year of any program is always the most challenging, as we are exploring something new and unknown. However, the results speak for themselves and we already have an even brighter outlook for 2020!
COVID-19 continues to have a devastating impact on New York City. To combat the rapid spread of this virus, the SOMOS IPA has partnered with the office of the New York State Governor, setting up the first screening and testing sites in the Bronx and Queens.
CCACO and ECAP have been working with SOMOS Community Care in providing vaccinations for New Yorkers under the New York State and City Initiatives for vaccinations.
CMS announced results for the Medicare Shared Savings Program for the participation year 2020, SOMOS ACO was ranked 2nd in the city and 3rd nationwide for Shared Savings Rate. This marks the 7th year in a row that we have achieved Shared Savings.
SOMOS ACO earned $18.3 million in shared savings through the Medicare Shared Savings Program. This year, we saved CMS $37,811,579 at a rate of 18.93%
CMS announced results for the Medicare Shared Savings Program for the participation year 2021. This marks the 8th year in a row that we have achieved Shared Savings.
SOMOS ACO earned $20 million in shared savings through the Medicare Shared Savings Program. This year, we saved CMS $20,508,214 at a rate of 9.39%
CMS announced results for the Medicare Shared Savings Program for the participation year 2022, SOMOS ACO ranked 3rd out of the 38 ACOs in New York State for Shared Savings Rate. This marks the 9th year in a row that we have achieved Shared Savings.
SOMOS ACO earned $9.19 million in shared savings through the Medicare Shared Savings Program. This year, we saved CMS $18,758,530 at a rate of 9.82%
In a significant step towards advancing healthcare innovation, SOMOS ACO has joined the new ACO REACH pilot program with a portion of its providers. This initiative aims to enhance the quality of care while reducing costs through innovative payment models and patient-centered approaches. By participating in this pilot, SOMOS ACO continues to demonstrate its commitment to pioneering effective healthcare solutions and improving patient outcomes.