Innovation Care Partners announces earned revenue in Medicare Shared Savings Program

SCOTTSDALE, Ariz., Nov. 15, 2017 /PRNewswire-USNewswire/ -- Innovation Care Partners, an affiliate of HonorHealth, announces that for the third 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 2016. Other accomplishments include:

Scottsdale Health Partners MSSP

• The only Arizona-based MSSP that earned revenue for 2016
• The first Arizona MSSP to earn revenue in 2014
• Only Arizona based MSSP to earn revenue each year since inception (2014)
• Performed in the top 5% of MSSPs nationally in terms of total dollars received
• Had the highest savings rate in the country at 9%
• Scored 97 out of 100 for quality

Innovation Care Partners, a clinically integrated network and accountable care organization, includes more than 1,600 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 $30 million in healthcare costs. "We do this by engaging with physicians and working in tandem with care coordination managers to best meet the needs of the patient," said Savas Petrides, MD, CEO, Innovation Care Partners. "When we execute this model successfully, it translates to improved quality, reduced cost and improved patient satisfaction."

"Our physician-focused approach has been the secret to our success," said James Whitfill MD, Innovation Care Partners chief medical officer. "We believe that engaged physicians are the key to transforming healthcare and our record of accomplishment backs that up. "Our unified network allows us to travel together on the journey to a better healthcare system."

Innovation Care Partners currently manages more than 86,000 patients through seven different insurance contracts including Medicare Advantage, commercial insurance and HonorHealth's employee health plan.

SOURCE HonorHealth