Conventional wisdom holds that urban academic medical centers are ill-suited for value-based care initiatives such as the Medicare Shared Savings Program (MSSP). Nevertheless, NewYork Quality Care, the MSSP Accountable Care Organization (ACO) established in 2015 as a joint venture between NewYork-Presbyterian, Columbia University Vagelos College of Physicians and Surgeons, and Weill Cornell Medicine, achieved savings in each of its 3 performance years by implementing a range of operational, financial, and analytical initiatives.
The success of NewYork Quality Care is the result of a close collaboration between all three of our participating organizations. Along the way, we gained a number of insights that will inform our future value-based care efforts and that can help other organizations hoping to follow a similar path: