Dallas-based Genesis Physicians Group, an independent physicians association that supports about 1,700 doctors and advanced practitioner members, has plunged headlong into the Accountable Care Organization space, securing eight value-based contracts with top health plans for 2018.
The lineup of new contracts includes CMS’ Medicare Shared Savings Program ACO, Aetna Medicare Advantage, Blue Cross Blue Shield of Texas, Cigna Commercial, Healthcare Highways Commercial, Humana Medicare Advantage, Universal American-TexasPLUS Medicare Advantage, and Wellcare Medicare Advantage.
Genesis, which had piloted a few value-based contracts in recent years, said its strategic move will incentivize its independent physician members when they improve care for a population of about 60,000 patients across North Texas. “This is a big effort,” Dr. Jim Walton, the group’s president and CEO, told D CEO Healthcare.
“These contracts will shift many of Genesis’ member physicians to focus more on value-based practice strategies, with rewards focused on improving quality and costs of health care—not just volume of services,” he added in a news release.
Genesis said many of its physicians will have full access to real-time “quality and utilization” performance for their patients. The information will be accessed through a unique interface with an electronic medical records program, ensuring accurate documentation, the physicians group said.