FLINT, Michigan, August 30, 2022 – Professional Medical Corporation (PMC) Accountable Care Organization (ACO) has earned shared savings for the third consecutive year according to Centers for Medicare and Medicaid Services (CMS) results released on August 30, 2022, demonstrating the ACO’s financial and quality performance success. Reports indicate that PMC ACO saved 4.5 percent under benchmark for program year 2021.
PMC ACO is a group of independent primary care physicians primarily based in Flint, Michigan, and has partnered with Medical Advantage since its inception in 2014. For each of the last three years, PMC ACO received a shared savings payment of approximately $1.6 million from CMS. PMC ACO also earned shared savings from CMS five times in the last eight years, earning an average of $276 in shared savings for every beneficiary every year since its founding. Furthermore, PMC ACO has saved a cumulative $31 million under benchmark for CMS. Medical Advantage congratulates the hardworking physicians of PMC ACO and looks forward to continued partnership and success for 2023 and beyond.
Medical Advantage provides business management, in-practice support, quality performance, risk adjustment, cost management services, information technology, and analytics services to PMC ACO. Medical Advantage consultants work directly with PMC ACO physicians to monitor and improve performance in several areas critical to CMS quality measures. Medical Advantage consultants work with the community of care providers to facilitate collaboration with PMC ACO physicians, such as with home health providers, skilled nursing facilities, dialysis centers, and local hospitals. From the beginning of the COVID-19 pandemic, Medical Advantage also provided PMC ACO with telemedicine training and support to minimize disruption to care delivery.
About Medical Advantage: Medical Advantage (www.medicaladvantage.com) is an innovator within the TDC Group of companies (TDC Group) for maximizing health plan and provider clinical and financial performance in value-based contracting. Medical Advantage’s hands-on, value-based healthcare, electronic health record (EHR), dashboards, and telehealth consulting services provide practices, health plans, and delivery systems of all sizes with customized, actionable solutions to decrease the cost of care and improve quality. Medical Advantage’s mission is to simplify the delivery of efficient, high-quality healthcare.
Media Contact:
Allison Solit, Director of Marketing 517.889.5767 asolit@medicaladvantage.com
