Mid-Atlantic Collaborative Care Generated $15.4 Million in Total Savings for the Medicare Shared Savings Program

TAMPA, Fla., FAIRFAX, Va., ROCKVILLE, Md. and BALTIMORE (Oct. 14, 2019) – Collaborative Health Systems, a WellCare Health Plans, Inc. (NYSE: WCG) company, announced today the more than 170 providers in Mid-Atlantic Collaborative Care generated $15.4 million in total savings for the Medicare Shared Savings Program (MSSP) for performance years 2017 and 2018, according to figures released by the Centers for Medicare & Medicaid Services. During the two performance years, the ACO earned $7.1 million in shared savings.

This marks the second consecutive year Mid-Atlantic Collaborative Care, a Medicare Accountable Care Organization (ACO) formed in 2017, achieved both total savings to Medicare and shared savings. In performance year 2018, Mid-Atlantic Collaborative Care served more than 15,700 Fee-For-Service Medicare beneficiaries and generated $10.4 million in total savings for Medicare – more than double the savings of performance year 2017 – and $4.7 million in shared savings for the ACO. Providers in the ACO also achieved an overall quality score of 93%.

“Mid-Atlantic Collaborative Care is demonstrating how physicians can thrive and retain their independence by embracing value-based care that increases accountability, lowers costs and improves quality,” said Anthony Valdés, president of Collaborative Health Systems. “We look forward to our continued partnership as we work with providers to deepen patient relationships, advance care in our local communities and improve health outcomes.”

Medicare ACOs are groups of doctors, hospitals and other healthcare providers who come together voluntarily to provide coordinated high-quality care to their Medicare beneficiaries, while avoiding unnecessary duplication of services and preventing medical errors. When an ACO exceeds quality and financial thresholds – demonstrating achievement of high-quality care and wiser spending of healthcare dollars – it is able to share in the savings generated for Medicare.

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About Mid-Atlantic Collaborative Care
Mid-Atlantic Collaborative Care is an MSSP ACO focused on value-based healthcare. Our providers, who are located in Maryland, Virginia, and the District of Columbia, are dedicated to improving the quality of health care and lowering the growth rate of health care costs. MidAtlantic Collaborative Care participates in the Medicare Shared Savings Program under a contract with the Centers for Medicare & Medicaid Services. For more information, visit midatlanticaco.com.

About Collaborative Health Systems
Collaborative Health Systems (CHS), a WellCare Company, is a management services organization that partners with independent primary care physicians as they move to valuebased models. Its core belief is that primary care physicians are in the best position to influence A3319_SSPRelease_1019_IA the quality and cost of healthcare. CHS provides comprehensive support for its physician partners by providing management services, risk contracting, and population health capabilities, including actionable data and other tools, to deliver care coordination and closure of gaps in care. CHS provides additional services to secure and deliver favorable value-based contracts with commercial and other health plans. As of July 2019, CHS manages two Next Generation ACOs, nine MSSP ACOs, a Care Transformation Organization and two Independent Practice Associations. For more information, visit www.CollaborativeHealthSystems.com.

About WellCare Health Plans
Headquartered in Tampa, Fla., WellCare Health Plans, Inc. (NYSE: WCG) focuses primarily on providing government-sponsored managed care services to families, children, seniors and individuals with complex medical needs primarily through Medicaid, Medicare Advantage and Medicare Prescription Drug Plans, as well as individuals in the Health Insurance Marketplace. WellCare serves approximately 6.3 million members nationwide as of June 30, 2019. For more information about WellCare, please visit the company's website at www.wellcare.com.

Media Contact:
Alissa Lawver
WellCare Health Plans, Inc.

Reference: https://data.cms.gov/Special-Programs-Initiatives-Medicare-Shared-Savin/2018-Shared-Savings-Program-SSP-Accountable-Care-O/v47u-yq84

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