Medicare saves $335m with Collaborative Health Systems
US-based management services company Collaborative Health Systems (CHS) has announced that it has helped deliver $335 million in savings to Medicare since 2012.
CHS partners with primary healthcare providers who deliver the state-aided health plan (Accountable Care Organizations, or ACOs). Together they have also generated $183 million in shared savings, according to .
The country's healthcare sector is currently moving towards a . CHS is one of the largest Medicare ACO sponsors in the US, providing them with data that helps them coordinate care and meet quality requirements. This includes analytics, risk contracting and management, clinical care management, and support forming independent physician associations.
ACOs are groups of doctors, hospitals, and other healthcare providers who come together on a voluntary basis to provide coordinated, high-quality care to their Medicare patients. The Shared Savings Program offers providers and suppliers the opportunity to create an ACO. The ACO agrees to be held accountable for the quality, cost, and experience of care of an assigned Medicare population. The program has different tracks that allow ACOs to select an arrangement that makes the most sense for their organisation.
In 2019 alone, 89% of the company's ACOs saved $41 million for Medicare, making it the seventh year CHS has delivered savings. According to CMS figures, in 2019 they served 92,000 Medicare patients across the country, achieving an average quality score of 94%.
“Our mission is to support independent physician practices as they transition to value-based models, to help ensure Medicare beneficiaries have access to high-quality care and services,” said Anthony Valdés, President of Collaborative Health Systems. “Our 2019 results are just one more example of how our collaborative partnership is working to improve health outcomes and lower the cost of care.”
Check Point: Securing the future of enterprise IT
Cybersecurity solutions provider Check Point was founded in 1993 with a mission to secure ‘everything,’ and that includes the cloud. Conscious that nothing remains static in the digital world, the company prides itself on an ability to integrate new technology with its solutions. Across almost three decades in operation, Check Point, with its team of over 3,500 experts, has become adept at protecting networks, endpoints, mobile, IoT, and cloud.
“The pandemic has been somewhat of an accelerator in the evolution of cyber risk,” explains Erez Yarkoni, Global VP for Cloud Business. “We had remote workers and cloud adoption a long time beforehand, but now the volume and surface area is far greater.” Formerly a CIO for several big-name telcos before joining Check Point in 2019, Yarkoni considers the cloud to be “part of [his] heritage” and one of modern IT’s most valuable tools.
Check Point has three important ‘product families’, Quantum, CloudGuard, and Harmony, with each one providing another layer of holistic IT protection:
- Quantum: secures enterprise networks from sophisticated cyber attacks
- CloudGuard: acts as a scalable and unified cloud-native security platform for the protection of any cloud
- Harmony: protects remote users and devices from cyber threats that might compromise organisational data
However, more than just providing security, Yarkoni emphasises the need for software to be proactive and minimise the possibility of threats in the first instance. This is something Check Point assuredly delivers, “the industry recognises that preventing, not just detecting, is crucial. Check Point has one platform that gives customers the end-to-end cover they need; they don't have to go anywhere else. That level of threat prevention capability is core to our DNA and across all three product lines.”
In many ways, Check Point’s solutions’ capabilities have actually converged to meet the exact working requirements of contemporary enterprise IT. As more companies embark on their own digital transformation journeys in the wake of COVID-19, the inevitability of unforeseen threats increases, which also makes forming security-based partnerships essential. Healthcare of Ontario Pension Plan (HOOPP) sought out Check Point for this very reason when it was in the process of selecting Microsoft Azure as its cloud provider. “Let's be clear: Azure is a secure cloud, but when you operate in a cloud you need several layers of security and governance to prevent mistakes from becoming risks,” Yarkoni clarifies.
The partnership is a distinctly three-way split, with each bringing its own core expertise and competencies. More than that, Check Point, HOOPP and Microsoft are all invested in deepening their understanding of each other at an engineering and developmental level. “Both of our organisations (Check Point and Microsoft) are customer-obsessed: we look at the problem from the eyes of the customer and ask, ‘Are we creating value?’” That kind of focus is proving to be invaluable in the digital era, when the challenges and threats of tomorrow remain unpredictable. In this climate, only the best protected will survive and Check Point is standing by, ready to help.
“HOOPP is an amazing organisation,” concludes Yarkoni. “For us to be successful with a customer and be selected as a partner is actually a badge of honor. It says, ‘We passed a very intense and in-depth inspection by very smart people,’ and for me that’s the best thing about working with organisations like HOOPP.”