Innovation Care Partners announces earned revenue in Medicare Shared Savings Program

SCOTTSDALE, Ariz., Sept. 6, 2018 /PRNewswire/ -- Innovation Care Partners, an affiliate of HonorHealth, announces that for the fourth year in a row, Scottsdale Health Partners (SHP) Medicare Shared Savings Program (MSSP) has earned a shared savings payment from Medicare for its outstanding quality and efficiency in 2017. Notably, Innovation Care Partners saved Medicare over $46 Million dollars and earned a shared savings payment of $19.5 Million dollars.  Other accomplishments include:

Scottsdale Health Partners MSSP

• One of 2 Arizona based MSSPs that earned revenue for 2017.
• The first Arizona MSSP to earn revenue in 2014.
• Only Arizona based MSSP to earn revenue each year since inception in 2014.
• Performed in the top three (3) of 472 MSSPs nationally in terms of savings rates to CMS.
• Continued strong performance in quality reporting.

Innovation Care Partners, a clinically integrated network and accountable care organization, includes more than 1,800 physicians, over 350 physician offices, plus HonorHealth's five hospitals, clinics and outpatient facilities. The main goal as a physician-led clinical integration network and accountable care organization is to coordinate care, which then reduces cost to the entire healthcare system. To date, Innovation Care Partners has saved $75 million in healthcare costs. "Supported by analytics and advanced technology, Innovation Care Partners focuses on our patients needs under the direction of physician leadership.  This has served us well since 2012," said Savas Petrides, MD, CEO, Innovation Care Partners.

"Being physician led is the foundation for our success," said James Whitfill MD, Innovation Care Partners chief medical officer. "Allowing providers on the front line of practice to define how to better care for patients at a lower price has once again yielded incredible results."

Innovation Care Partners currently manages more than 100,000 patients through eight different insurance contracts including Medicare Advantage, commercial insurance and HonorHealth's employee health plan.

SOURCE Innovation Care Partners