Early results from a pilot study where an insurer, a hospital organization and a physicians’ group have joined forces to integrate their systems to form an ACO have exceeded expectations, according to a press release by The California Public Employees' Retirement System (calPERS).
For the pilot, the Pension System formed a partnership with the Blue Shield of California Health Maintenance Organization, Catholic Healthcare West, and Hill Physicians Medical Group with the goal of improving quality of care while reducing costs.
- There has been a 17 percent reduction in patient re-admissions since the pilot began.
- Length of stay has been reduced by one half day.
- Almost a 14% drop in the total days patients spend in a facility.
- 50% reduction in the number of patients who stay in a hospital 20 or more days.
It is estimated that these results will result in $15.5 million in savings. All participants agree that the success is due largely to the focus of all entities on one common goal.