Message from Dr. Malone- The Road to Population Health
You have heard me say many times that our journey to becoming a population health management organization would be a challenging one. But I am happy to say there are clear indications that the changes we’ve put in place during the past several months are beginning to have a positive impact.
Here are a few examples:
- Earlier this year, Fitch Ratings upgraded Summa Health’s bond rating from BBB+ to A- and revised Summa’s outlook from positive to stable. It is gratifying to know that the financial community recognizes that we are well-positioned for success.
- Recently, NewHealth Collaborative (NHC), was again recognized for achieving a significant multi-million dollar savings in the CMS Medicare Shared Savings Program. During our second performance year, we achieved a savings of approximately $10.3 million. Of that, approximately $4.5 million will be given back to NHC. We are the only ACO in Ohio that has achieved savings in both performance years.
- Our partners at Mercy Health also achieved a savings for the second performance year of approximately $15 million. This underscores the synergy between our two organizations and our shared commitment to population health.
- Our network of physicians continues to grow with the addition of HealthSpan Physicians to our ACO network of providers. NHC now includes more than 700 physicians across primary care and multiple specialties and approximately 90,000 lives.
- For the fifth consecutive year, Summa Health has been named one of “HealthCare’s Most Wired” organizations by Hospitals & Health Networks (H&HN) for achievement in the use of healthcare IT, according to the 2015 Most Wired Survey. A prime example of our use of IT healthcare is our substantial investment in CarePATH. Through the unification and standardization of EMR systems across the enterprise, we will create a system-wide clinical information infrastructure that supports patient-centered population health management by providing clinicians and patients with integrated and coordinated access to the information they need when they need it. This year, 338 hospitals across the country earned the Most Wired designation. Summa Health is the only adult hospital in Summit County to earn this accolade.
I know we still have a long road ahead of us as we continue on the journey to becoming a population health management organization. But sometimes it is worthwhile to take a moment, stop and look back at all you have already achieved. It’s only then that you can recognize and appreciate just how far you’ve come from where you began.
Thank you for your continued support on this journey we’re all on together.
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