Keep up with the ever-changing healthcare industry and check out what's new at CCACO
December 10, 2024
We are pleased to announce the addition of the following new members to the Board of Directors of our Accountable Care Organization. Their extensive expertise and dedication to healthcare excellence will be pivotal in advancing our mission of providing high-quality, patient-centered care.
As we strive to improve healthcare outcomes and innovate within our community, the fresh perspectives and knowledge these new board members bring will be invaluable. We are excited to work together to enhance the well-being of those we serve and to continue our commitment to delivering exceptional care.
Please join us in welcoming our new board members and celebrating this important step forward for our organization.
March 1st, 2024
Thank you all for attending our Lunar New Year Gala last Thursday! With a turnout of over two hundred of our members and guests, which included our partners at SOMOS, our sponsors Rendr and MDLand, we hope everyone had a wonderful time. In between the endless cocktails, the riveting lion dancers, the beautiful group dance performances, the silliness at the photobooth, it was a night of socialization and a fun way to start the Lunar New Year!
We have plenty of memories from the night, and if you would like to view and download any photos, please click into the two links below.
August 24th, 2023
CMS announced results for the Medicare Shared Savings Program and we are happy to share with our members that CCACO and SOMOS ACO have generated Shared Savings!
SOMOS ACO ranked 3rd out of the 38 ACOs in New York State for Shared Savings Rate.
Thank you to all our providers and office staff. This marks our 9th consecutive year of achieving Shared Savings and is a remarkable success. We look forward to continuing serving our community together.
SOMOS ACO earned a brief mention in the following news article: Crains!
October 4th, 2022
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!
August 26th, 2021
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!
Thanks to all of our member's hard work and support, SOMOS ACO ranked 2nd out of the 41 ACOs in New York and 3rd out of all the 513 ACOs nationwide for Shared Savings Rate. 2020 was a hectic year with all the transitions into Telehealth and work from home, but through everyone's hard work and efforts, we improved and saved even more than the previous year. SOMOS ACO has continued success with our Total Shared Savings doubling from $15,471,608 to $37,811,579 and our savings rate improving from 7.07% to 18.93%
None of this could have been acheived without the hard work of all of our physcian members and their staff. Thank you again for everyone's hard work and contributions and let's keep up the momentum for the rest of 2021.
July 13, 2021
The New York State Department of Financial Services recently released an insurance regulations emergency adoptions of amendments in response to the COVID-19 pandemic.
The amendments state:
May 17, 2021
Mayor DeBlasio has announced that NYC will fully reopen on July 1, 2021. Currently around 41% of the adult population within New York State has been fully vaccinated. Restaurants, gyms, shops, hair salons and arenas will open at full capacity. Smaller theaters could reopen over the summer and Broadway is on track for opening by September. Schools will be back at “full strength” in the fall. We are grateful for all of our physicians who continuously work hard to provide support to the community within the midst of this pandemic. Thank you for your services.
February 11, 2021
CCACO and ECAP has been working with SOMOS Community Care in providing vaccinations for New Yorkers under the New York State and City Initiatives for vaccinations.
CCACO/ECAP provider Dr. Kin Lui is the lead doctor at this State pop-up site in Bayside for Governor Cuomo's Vaccinate New York initiative. Under the leadership of Dr. Henry Chen, many of our CCACO/ECAP providers are very actively participating in the State and City initiatives for the vaccination of New Yorkers in the communities of color, new immigrant communities, and underserved neighborhoods.
The providers are Drs. George Hall, David Zhang, Ruliang Xu, Li Lu, Yanfeng Chen, Yanhan Huang, Kin Lui, Paul Yang, Chun Tung Wong, Christopher Chow, Kevin Tin, Di Zhou, John Yiu, Cong He, Agnes So, etc, and many of their office staff including NP/PAs.
CCACO and ECAP are the key components of SOMOS Community Care.
February 11, 2021
祝好运、健康、喜悦、伴您度过一个快乐新年
Good luck, good health and good cheer for the New Year!
From CCACO
December 4, 2020
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!
2020 has been a hectic year of learning and adjustment for most of us thus far - battling against COVID-19, learning the intricacies of working from home and Telehealth, or even just staying fit while stuck indoors! For CCACO, it has definitely been an uphill climb to maintain the success of our campaign to improve quality and Shared Savings. Today marks the end of our 2019 journey, and we are proud to share the achievements of our members!
CCACO's 2019 results continues 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%!
CCACO is ranked #1 in NYS for January - June of 2019 for Shared Savings Rate! We expect to remain one of the top ACOs nationwide.
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!
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!
None of this could have been achieved without the hard work of all of our physician members and their staff. We hope this encourages all providers to join CCACO/SOMOS ACO and become a member of our family! Thank you for your continuous contribution and support of CCACO.
Please remain safe and healthy,
Chinese Community Accountable Care Organization.
June 15, 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.
We thank everyone who has contributed their time and effort to battle against the virus especially the volunteers - particularly doctors, physician assistants, and nurses who helped manage the medical team.
Your kindness, effort, and time will assist us in our fight against the extent of the spread to save our vulnerable communities and our beloved city.
April 1, 2020
On July 1st of 2019, CCACO and Balance ACO officially partnered up to form SOMOS ACO. This partnership brings together 2 of the largest and best performing ACOs in NYS into one entity. SOMOS ACO now comprises of over 200 physicians and over 15000 straight Medicare patients across NY, NJ, and MA. Both CCACO and Balance ACO's primary goal is to advance the state of value-based care in the tri-state area and with this partnership, we extend our commitment to advancing quality of care to our patients.
Balance ACO was the #1 ACO in NYS and the nation in 2018 for overall shared savings rate.
CCACO was the #2 ACO in NYS and #6 in the nation in 2018 for overall shared savings rate.
SOMOS ACO has a bright future ahead, and we encourage all physicians to join our network.
Please contact Regina Zhu at rzhu@ccaco.org or call us at (212) 965–0222 if interested.
March 22, 2020
The Centers for Medicare & Medicaid Services (CMS) announced unprecedented relief for the clinicians, providers, and facilities participating in Medicare quality reporting programs including the 1.2 million clinicians in the Quality Payment Program and on the front lines of America’s fight against the 2019 Novel Coronavirus (COVID-19).
Specifically, CMS announced it is granting exceptions from reporting requirements and extensions for clinicians and providers participating in Medicare quality reporting programs with respect to upcoming measure reporting and data submission for those programs. The action comes as part of the Trump Administration’s response to 2019 Novel Coronavirus (COVID-19).
For ACO specific programs, please see the following update:
In addition, no data reflecting services provided January 1, 2020 through June 30, 2020 will be used in CMS’s calculations for the Medicare quality reporting and value-based purchasing programs. This is being done to reduce the data collection and reporting burden on providers responding to the COVID-19 pandemic.
See the full announcement here: CMS announcement
December 12, 2019
The Chinese Community Accountable Care Organization held a press conference on December 12, 2019 to announce that it has earned $5.1 million in shared savings through the Medicare Shared Savings Program.
The press conference was a success. CCACO would like to thank our physicians, partners, public officials, and press for attending our press conference and helping celebrate this great achievement. The support we continuously receive from the community helps CCACO in reaching our potential.
News Article: Epoch Times, Sing Tao Daily
August 16, 2019
With great pleasure, we are happy to announce CCACO's Medicare Shared Savings Program results for 2018.We saved a whopping total of $12.2 million and as a result will receive over $5 million in shared savings, which will be redistributed to our physicians. This is a critically notable improvement from the year before, almost triple that of $4.4 million saved and $1.9 million received in 2017.
This marks a very successful campaign for CCACO, where we initiated new infrastructure in 2018 with the goal of increasing shared savings. We placed 2nd in NYS and 6th in the nation for overall savings rate in the Medicare Shared Savings Program (13.2%) in 2018. In 2017 we placed 92nd in the nation with a savings rate of 4.9%. We achieved an increase of 8.3% and moved up 86 ranks.
Our partner, Balance ACO, placed #1 in both NYS and nationwide. Our alliance now brings together the top 2 performers in NYS. SOMOS ACO has a bright future ahead and we encourage all physicians to join our network!
We could not have done this without the help of all of our members. We hope this encourages all providers to join CCACO and become a member of our family! Thank you for your continuous contribution and support of CCACO.
July 9, 2019
CCACO's Quality and MIPS score for 2018 has been officially released. We've received an adjustment rating of +1.57%, a significant improvement compared to +0.45% in 2017. Additionally, our Quality score increased from 89.7% to 93.5%!
| 2017 | 2018 | |
|---|---|---|
| Quality: | 89.7% | 93.5% |
| MIPS | 73.2/100 | 97.63/100 |
| Adjustment Rating: | +0.45% | +1.57% |
May 28, 2019
We are pleased to inform you that SOMOS ACO has been approved by CMS to participate in the Medicare Shared Savings Program (MSSP). CCACO providers who submitted a SOMOS ACO Participating Provider Agreement (PPA) will continue to participate in the Shared Savings Program through SOMOS ACO as a CCACO member. As we transition CCACO providers’ participation in the MSSP to SOMOS ACO, we are required by CMS regulations to formally notify our providers that CCACO is terminating our MSSP agreement. Please click here to view the notice.