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The Ohio State University Wexner Medical Center and CVS Accountable Care, a part of CVS Health, have announced the creation of an accountable care organization for a coordinated approach to delivering care.
The new CVS ACO is a Medicare Shared Savings Program Enhanced track ACO. CVS Accountable Care was formed last year as a result of bringing together Signify Health Value-based Care Solutions with the CVS Accountable Care Organization.
CVS Health won the competitive battle in early 2023 to acquire Signify Health, a company that leverages advanced analytics, technology and nationwide provider networks for value-based payment programs. Signify’s healthcare platform shifts services towards the home, during a time when baby boomers are retiring and the demographic is shifting older. People 65 and older account for close to 17% of the population, according to the U.S. Census.
CVS Accountable Care works with 200-plus health systems and over 60,000 clinicians in value-based care contracts across the nation.