Apollo Medical Holdings, which operates a Southern California physician-led ACO, says it has generated nearly $11 million in savings, of which about half will go back to Apollo.
Apollo is part of the shared savings ACOs, which together with the Pioneer ACOs have produced $372 million in savings, according to recently released data from CMS.
ApolloMed was approved as an ACO in 2012, starting with 130 physicians treating nearly 9,000 Medicare patients. That quickly grew to more than 10,200 patients. In Apollo’s second year, more than 700 physicians across California, Ohio and Mississippi have joined the ACO, with nearly 30,000 Medicare patients.
The financial results are for only the first year, with the second year results due out in mid 2015.
ApolloMed’s ACO includes inpatient and outpatient care, and includes hospitalist and intensivist management, care coordination including post-discharge and high-risk clinics, and population health management. Additionally, ApolloMed has partnered with prominent national healthcare companies including Fresenius North America, Rite Aid and Boehringer Ingelheim.
