Scottsdale 10/26/2013 3:00:00 AM
QualityStocks News - Apollo Medical Holdings (AMEH): ApolloMed ACO Partners with Pacifica Hospital to Provide Low-Cost Quality Care
QualityStocks would like to highlight ApolloMed (OTCQB: AMEH), a leading provider of integrated medical management services that improves the efficiency in inpatient care plus multi-disciplinary care management services targeting inefficiencies in healthcare payer and provider networks. The company's integrated model combines hospitalist medicine, critical care medicine, 24-hour physician call centers, case management, and transition management that offers to help healthcare organizations engage in performance payments for utilization efficiency, quality of care objectives and shared accountability arrangements. ApolloMed ACO was one of only eight ACOs selected to participate in the Medicare Shared Savings Program by CMS in California in 2012.
In the company’s news,
Apollo Medical Holdings reports that Pacifica Hospital of the Valley has signed a hospital ACO (Accountable Care Organization) participation agreement with AMEH affiliate physician group, ApolloMed ACO.
Pacifica Hospital is a Sun Valley, Calif.-based acute care hospital serving the San Fernando Valley for more than 30 years. Pacifica Hospital offers adults and children comprehensive inpatient and outpatient services, including a 24-hour paramedic receiving emergency department, surgical services, behavioral health services, subacute unit, and maternity care.
Per the agreement, ApolloMed and Pacifica Hospital will partner to provide ACO patients with high-quality care at a lower cost.
“ApolloMed’s vision is to develop meaningful and trusting relationships with its patients, providers and hospital partners,” Warren Hosseinion, M.D., CEO of AMEH stated in the news release. “Partnering with outstanding hospitals like Pacifica Hospital, we’re redefining the way healthcare is delivered. This will result in better, more efficient and more affordable care.”
Furthermore, ApolloMed and ACO providers will share clinical data, and collaborate to manage high-risk patients, coordinate patient care, and to establish quality benchmarks to deliver highly attentive care.
“We have made the decision to commit ourselves to reaching beyond the four walls of our hospital,” stated Ayman Mousa, DHA, CEO of Pacifica Hospital. “The innovative collaboration between multiple providers, payers and hospitals reflects the uniqueness of ApolloMed’s approach to accountable care. We are extremely pleased to partner with ApolloMed to implement this important initiative.”
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
