Chappaqua, N.Y.-based CareMount Medical, one of the largest independent multispecialty medical groups in the state, joined CMS' Next Generation ACO model under its managed care subsidiary, CareMount ACO.
CareMount ACO will focus on risk-based contracts for Medicare Advantage and other government programs. Since 2012, CareMount Medical participated as a Medicare Shared Savings Program Track 1 ACO, before advancing to the Next Generation level in 2018.
"CareMount Medical is one of only two Next Generation ACOs in New York State and the only one that is wholly physician-owned," said Scott D. Hayworth, MD, president and CEO of CareMount Medical. "The new ACO represents a significant step along the risk continuum as we continue to focus our strategic model on the shift from volume to value."
CareMount ACO will coordinate care for patients treated by 560-plus primary care physicians, specialists and advanced practice professionals under the CareMount umbrella.