ApolloMed

Overview

Welcome to ApolloMed’s Medicare Accountable Organization (ACO) website. ApolloMed as an organization was the sole organizer of our ACO. ApolloMed ACO is comprised of professionals in a group practice arrangement and network of individual pracitces of ACO professionals. We are managed by Apollo Medical Holdings, Inc., a management company that is also an integrated medical group. We were formed in 2001 in Glendale, California and our Medicare ACO was approved in July 2012.

ApolloMed ACO
700 N. Brand Blvd., Suite 1400
Glendale, CA 91203
 

Press Releases

FOR IMMEDIATE RELEASE                                               

August 25, 2015

Medicare ACOs Continue to Improve Quality of Care, Generate Shared Savings

The Centers for Medicare & Medicaid Services today issued 2014 quality and financial performance results showing that more Medicare Accountable Care Organizations (ACOs) continue to generate financial savings while improving the quality of care for Medicare beneficiaries by fostering greater collaboration between doctors, hospitals, and health care providers.

When an ACO demonstrates that it has achieved high-quality care and effectively reducing spending of health care dollars above certain thresholds, it is able to share in the savings generated for Medicare. In 2014, 20 Pioneer and 333 Shared Savings Program ACOs generated more than $411 million in savings, which includes all ACOs savings and losses. The results also show that ACOs with more experience in the program tend to perform better over time.

Medicare ACOs are groups of doctors, hospitals, and other health care providers, who come together voluntarily to provide coordinated high quality care to their Medicare patients. The goal of coordinated care is to ensure that patients, especially the chronically ill, get the right care at the right time, 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 health care dollars – it is able to share in the savings generated for Medicare.

In addition to those ACOs that generated savings, some ACOs had assigned beneficiary expenditures that were either greater than or less than their updated benchmark, but that fell within their minimum savings rate corridor. This means that they did not earn a performance payment. 

“ApolloMed ACO achieved beneficiary expenditures that were $3.9 million less than our benchmark, but that did not meet our minimum savings rate,” stated Warren Hosseinion, M.D., CEO of ApolloMed ACO.  “We are proud that we beat our benchmark again in our second Performance Year and especially proud of our ACO Quality Score.”

Additional Resources

Visit the Medicare Shared Savings Program  News and Updates webpage to access the HHS press release and fact sheet, the link to the Performance Year 2014 results file, and to learn more about the program.