NEW ORLEANS – The Ochsner Accountable Care Network, LLC is pleased to report its 2016 results, which included a reduction in the expected cost of care by over $5.5 million and improved coordination of care to 37,942 Medicare beneficiaries. The Ochsner Accountable Care Network (OACN) is an Accountable Care Organization (ACO) that consists of over 2,250 providers in Louisiana and Mississippi. OACN was founded to improve health outcomes and support efforts to improve population health across Louisiana and the Gulf South.
OACN was founded in 2013 to ensure that patients, especially those with chronic conditions, get the right care, at the right time, in the right place. The largest ACO in Louisiana, OACN’s team includes Ochsner employed and community providers in New Orleans, Baton Rouge, St. Tammany Parish, Houma and South Mississippi. A savings in 2016 of 1.34 percent represents $5,573,363.
ACOs are groups of physicians, hospitals and other healthcare providers who come together voluntarily to provide coordinated, quality care to Medicare patients. The goal of ACOs is to improve efficiency and coordination of care, resulting in improved care delivery and reduced healthcare costs to the patient and organization. Patients see the benefit of ACOs through improved communication of their healthcare teams and reduced duplication in paperwork and medical tests.
“The Ochsner Accountable Care Network is an important part of Ochsner Health System’s strategy to change our community through patient-focused care and an ongoing commitment to improving the health of our patients and neighbors,” said David Carmouche, MD, Executive Director, Ochsner Accountable Care Network and President, Ochsner Health Network. “Healthcare organizations and providers have a responsibility to not only treat our patients, but find innovative solutions to challenges facing them, including reducing healthcare costs, improving care team communication and creating a better, more personalized healthcare experience. Ochsner saw the benefit of creating OACN and bending the cost curve, we’re able to better deliver on our mission to change and save lives.”
For more information on OACN or the 2016 results, please visit ochsneracn.org. For more information on ACOs, please visit https://www.cms.gov/Medicare/Medicare-Fee-for-Service-Payment/ACO/.
Ochsner Health System is Louisiana’s largest non-profit, academic, healthcare system. Driven by a mission to Serve, Heal, Lead, Educate and Innovate, coordinated clinical and hospital patient care is provided across the region by Ochsner's 30 owned, managed and affiliated hospitals and more than 80 health centers and urgent care centers. Ochsner is the only Louisiana hospital recognized by U.S. News & World Report as a “Best Hospital” across four specialty categories caring for patients from all 50 states and more than 80 countries worldwide each year. Ochsner employs more than 18,000 employees and over 1,100 physicians in over 90 medical specialties and subspecialties, and conducts more than 600 clinical research studies. Ochsner Health System is proud to be a tobacco-free environment. For more information, please visit ochsner.org and follow us on Twitter and Facebook. For more information, please visit ochsnerhealthnetwork.org.