Steward health care ceo12/8/2023 This included the addition of predictive analytics solutions. The implementation of new technologies was a key part of Tortorella’s job as COO of Steward, according to a press release and her bio on the company’s website. Quality and financial data have become paramount in contract negotiations with payers and, increasingly, referral partners and systems like predictive analytics and artificial intelligence have proliferated among hospices as they try to reach patients further upstream. For the younger generation, using data for analysis and making business decisions will be the norm.” “But with value-based reimbursement models that are being proposed, we’re going to need to look at a whole new aspect of data management, data collection and data analysis. “The existing structure for hospice and the per diem payments have been around pretty long,” Hunt said. Largely driven by the industry’s move towards value-based care, the next generation of hospice leaders will need to be well-versed in emerging technologies and data management, Susan Hunt, board chair for North Hawaii Hospice, told Hospice News earlier this year. The company remains Steward’s exclusive provider of value-based management services for its Medicare business. The transaction helped make CareMax one of the largest independent senior-focused value-based care platforms in the United States, with a presence in Medicare Advantage, MSSP and the Accountable Care Organization Realizing Equity, Access and Community Health (ACO REACH) model. As of the transaction’s closing, Steward’s equity holders owned 41% of CareMax’s common stock. Steward also developed a value-based care and chronic disease management platform that it sold to CareMax (NASDAQ: CMAX) last year for $25 million in cash and 23.5 million CareMax shares. “It demonstrates how the industry can successfully shift toward a more cost-effective, local, and coordinated approach that puts patients first.” “Our physician-driven, accountable care model focused on keeping patients healthy is completely transforming the health care industry,” Steward CEO and Chairman Ralph De La Torre said in a statement. The health system reportedly generated more than $68 million in cost savings for Medicare that year. The company also operates a large ACO that in 2020 received the second highest payout among 513 participants in the Medicare Shared Savings Program (MSSP), according to CMS. All told, the company covers close to 1.5 million full-risk beneficiaries through its managed care and health insurance services. Steward Health Care, an integrated health system, has extensive relationships with commercial, Medicare Advantage and risk-based Medicaid organizations across every state in its footprint.
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