CVS Health, Ohio State Wexner Medical Center form ACO
The Ohio State University Wexner Medical Center and CVS Accountable Care, part of CVS Health®, announced the creation of an accountable care organization (ACO) to improve the quality of care for Medicare beneficiaries by Ohio State providers in central Ohio. This coordinated approach to delivering care is centered around each patient’s unique needs and emphasizes preventive wellness and proactive treatment of chronic conditions.
The new CVS ACO, LLC (CVS ACO), a Medicare Shared Savings Program (MSSP) Enhanced track ACO, expands the Ohio State Wexner Medical Center’s ACO work and furthers both organizations’ focus on improving people’s lives and providing patients with the right care at the right time in the most appropriate care setting. The CVS ACO will combine resources from both organizations to provide more patients with care coordination and longitudinal care management to address both medical and social needs.
“As we prepare for the nationwide shift to having all Medicare beneficiaries in accountable care relationships by 2030, this collaboration with CVS Accountable Care is a natural progression of Ohio State’s work in this space that builds on our commitment to provide the very best care to every patient, every time,” said John J. Warner, MD, CEO of The Ohio State University Wexner Medical Center and executive vice president at Ohio State. “It’s important that we meet every patient where they are in their health care journey and take the next step in being accountable for our patients’ holistic health and improved outcomes.”
To give patients high-quality, coordinated service and care, the Ohio State Wexner Medical Center and CVS Accountable Care clinical care teams will focus initially on supporting the transition of care for all ACO beneficiaries following a hospitalization, providing medical and social support services for beneficiaries with higher risk of hospitalization or readmission, and strengthening comprehensive care management for all ACO patients. Patients will benefit from increased touchpoints from a clinical care team member, including education regarding complex medical conditions, assistance with scheduling follow-up visits, and access to community resources.
ChenMed names Steve Nelson CEO, Chris Chen Executive Board Chair
Chris Chen, ChenMed’s Chief Executive Officer, will transition to the role of Executive Chair of the Board. Steve Nelson, the company’s President, will elevate to serve as ChenMed’s CEO, leading management and operations. Mike Redmond, ChenMed’s Chief Financial Officer, will remain at ChenMed and transition to the role of Special Advisor to the CEO and Board of Directors. Mike Bruff, the company’s Executive Vice President of Finance will elevate to serve as Chief Financial Officer. “My father’s vision for the company and our family’s commitment to bring our model of health care to those who need it most is now enabling hundreds of thousands of people to live healthier, more secure lives,” said Chris Chen. “Steve Nelson’s expansive knowledge of health care, his skill in executing against a value-based care model, and his leadership values will position him as CEO to help us reach more people who can benefit from ChenMed’s brand of better health and well-being.”