KENNETT SQUARE, PA — LTC ACO, the only Accountable Care Organization (ACO) in the U.S. dedicated to long-term care facility residents, has announced a significant expansion of its provider network. As it gears up for the new year, LTC ACO has added five new provider group partners to its roster, a move that aligns with the broader healthcare industry’s shift toward value-based care.
The new partners joining LTC ACO for 2024 include Lawrence General Community Service, PLLC (New England Community Medical Services), Legacy Care ACO LLC, LTHC Solutions, LLC (aka Long-Term Health Care Solutions), SE Virginia Value Based Care, LLC (MidAtlantic), and Tamberly L McCoy MD PLLC. These additions underscore LTC ACO’s commitment to improving the quality of care for high-needs patients in long-term care facilities.
LTC ACO’s President and CEO, Jason Feuerman, expressed his excitement about the new partnerships, stating, “We appreciate the trust they put into LTC ACO to help them improve clinical and quality impact while achieving healthcare delivery efficiencies.”
The move comes at a time when the Centers for Medicare & Medicaid Services (CMS) aims to have all traditional Medicare beneficiaries and the majority of Medicaid beneficiaries in accountable care relationships by 2030. ACOs like LTC ACO play a crucial role in helping providers transition to this model.
With nearly 40% of Medicare spending on long-term care facility residents going toward hospital expenses, and a significant portion of those hospital admissions (30-67%) being avoidable, LTC ACO’s model is more relevant than ever. The organization works closely with primary care practitioners and long-term care facilities to reduce preventable hospital and emergency room admissions, creating savings for the Medicare program.
As the pioneer in the long-term care industry, LTC ACO is uniquely positioned to improve care quality and offer a reliable shared savings revenue opportunity for providers serving long-term care nursing facility residents. The organization’s investment in artificial intelligence technology to enhance clinical outcomes further strengthens its value proposition.
“With LTC ACO’s investment in artificial technology to improve clinical outcomes, I am more confident than ever in our ability to provide value to participating providers and their residents,” Feuerman said. This expansion marks a significant step forward for LTC ACO and its mission to transform long-term care across the country.
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