Horizon BCBS, Holy Name Medical Center Launch ACO

Teaneck, N.J-based Holy Name Medical Center, through its Holy Name Medical Center Hospital/Physicians accountable care organization, and Horizon Blue Cross Blue Shield of New Jersey have announced the formation of a new ACO.

 The new ACO is designed to improve patient care coordination and the quality of care for more than 3,000 Horizon BCBSNJ members who receive care from more than 80 Holy Name physicians practicing at approximates 22 office locations.

Under the agreement, Horizon BCBSNJ will provide care coordination payments to the ACO to take on additional accountability for improving the patients' health as well as controlling the cost of care for Horizon BCBSNJ patients.

The ACO and its affiliated practices will have an opportunity to share in resulting financial savings with Horizon BCBSNJ if the ACO meets certain health improvement, patient satisfaction and cost goals.

"We look forward to working with Holy Name and their physicians as we continue to transform New Jersey's healthcare delivery system to reward the value of care patients receive, not the volume of care," said Jim Albano, vice president of network management and Horizon Healthcare Innovations at Horizon BCBSNJ, in the news release.

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