• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer

Nevada Business Magazine

The Decision Maker's Magazine

Subscribe Now!

  • Subscriptions
    • Print
    • Mobile App
    • Email
    • Nevada News & PR Wire
  • Features
    • New This Month
    • View Issues
    • Cover Stories
    • Feature Stories
    • Industry Focus
    • Building Nevada
    • Special Reports
    • Meet the Decision Maker
    • Press Release Wire
    • Nevada Industries
  • Departments
    • A Matter of Opinion
    • Around the State
    • Business Indicators
    • Commentary
    • Commercial RE Report
    • Crossfire
    • Expert Advice
    • Face to Face
    • Free Market Watch
    • Inside Politics
    • Power of Attorney
    • Profit & Loss
    • Speaking for Nevada
    • Tech.knowledge.me
    • The Last Word
    • Vital Signs
  • Planning Calendar
  • Advertising
    • Advertising Info
    • Advertising Staff
    • Submission Requirements
    • Online Advertising
  • Events
    • NBM Events
  • About
    • About the Magazine
    • Contact the Staff
  • Connect
    • Business Directory
    • Press Release Wire
    • Business Calendar
    • Submit Listing
    • Post Press Release
    • Add Your Event
    • Sign Up
    • Log In
You are here: Home / Press Release Wire / Nevada’s Silver State ACO Saved Medicare $48 million in 2019

Receive daily Nevada Business News & PR directly to your inbox.

Nevada’s Silver State ACO Saved Medicare $48 million in 2019

December 10, 2020 By Abbi Whitaker Leave a Comment

Nevada’s Silver State Accountable Care Organization ranked first in the state for total Medicare savings at $48 million and 5th in the nation for generating a savings of 10.26% below benchmark in 2019. This group of physicians, who agree to reduce costs and increase quality through the Medicare’s Shared Savings Program (MSSP), also ranked in the top 1% nationally for total Medicare savings generated. 

Prominence Health Plan, a subsidiary of Universal Health Services (UHS), announced the 2019 results of its seven UHS Accountable Care Organizations (ACOs) showing a continued trend of increased cost savings and improved quality. The Silver State ACO has participated in Medicare’s Shared Savings Program since 2014, earning shared savings every year since 2015. In total, the group has saved more than $118 million in Medicare expenses over the past five years.

The Silver State ACO is physician-led and represents 50 physician practices statewide in Nevada who are incentivized to bend the healthcare cost curve and maintain high quality care. During the past five years, Silver State ACO has continued to grow its team of quality coordinators who have been instrumental in its continued success and whose efforts resulted in achieving a quality score of 96.13%.

“The Silver State ACO makes a direct impact on the health of our community,” said Karla Perez, Regional Vice President of Universal Health Services. “This program encourages providers to spend extra time with patients ensuring that their needs are being met, which gives a much needed personal touch to healthcare. It’s about building relationships with our patients and all the providers along the continuum of care to ensure every patient receives the right care at the right time in the right setting.”

Within the shared savings program, providers can earn back part of the savings they generate for Medicare by achieving predetermined quality of care goals. This model rewards both the patient and physician as the patient receives better healthcare and the physician is incentivized for keeping them as healthy as possible and providing high quality care. 

The Center for Medicare and Medicaid Services established the ACO program to improve the quality of care for Medicare beneficiaries and lower Medicare costs. If an ACO achieves high quality healthcare for its patients and saves money for Medicare, then the ACO shares in those savings. 

“Silver State ACO has helped us improve the quality of care for our patients by providing us with valuable data and real-time analytical tools to drive the necessary changes within our practice,” said Dr. Thomas Peters. “The ACO has also allowed us to learn and implement best practices by providing a forum where we can learn and share knowledge across all ACO practices.”

This collaborative effort with providers and physicians helps ensure patients, especially the chronically ill or those who are or have been hospitalized, obtain the right care at the right time, and avoid unneeded duplication of services such as lab and radiology tests. Meeting the needs of the patient in a timely manner with monitored follow up will ensure the patient can receive improved quality of care through the ACO network.

About Silver State ACO

Silver State ACO was established in 2015 in Las Vegas, Nevada with the mission of bringing physicians together to advance value-based care and improve coordination of care for Medicare patients. Today, Silver State ACO includes more than 50 physician practices and over 800 providers who manage the care of 52,000 Medicare patients across Nevada.

About Prominence Health Plan

Prominence Health Plan began in 1993 as a health maintenance organization (HMO) and became of a subsidiary of Universal Health Services, Inc. (UHS) in 2014. They provide coverage to fully insured, self-funded and Medicare Advantage members throughout Nevada and parts of Texas and Florida.

Prominence operates seven Accountable Care Organizations (ACOs) in California, Florida, Nevada, South Carolina, Texas and Washington D.C., which are managed care systems that benefit communities by providing coordinated, high-quality care to Medicare patients. For more information about Prominence Health Plan, visit ProminenceHealthPlan.com or ProminenceMedicare.com. Parent company UHS ranks 281 on the 2020 Forbes 500 list of America’s largest corporations and consistently ranks among Fortune’s list of the World’s Most Admired Companies.

About Universal Health Services

One of the nation’s largest and most respected providers of hospital and healthcare services, Universal Health Services, Inc. has built an impressive record of achievement and performance. Growing steadily since our inception into an esteemed Fortune 500 corporation, annual revenues were $11.4 billion for 2019. In 2020, UHS was again recognized as one of the World’s Most Admired Companies by Fortune; ranked #281 on the Fortune 500; and listed #330 in Forbes ranking of U.S.’ Largest Public Companies. 

Our operating philosophy is as effective today as it was 40 years ago, enabling us to provide high-quality care to our patients and their loved ones.  Our strategy includes building or acquiring hospitals in rapidly growing markets, investing in the people and equipment needed to allow each facility to thrive, and becoming the leading healthcare provider in each community we serve. 

Headquartered in King of Prussia, PA, UHS has 90,000 employees and through its subsidiaries operates 26 acute care hospitals, 328 behavioral health facilities, 42 outpatient facilities and ambulatory care access points, an insurance offering, a physician network and various related services located in 37 U.S. states, Washington, D.C., Puerto Rico and the United Kingdom. It acts as the advisor to Universal Health Realty Income Trust, a real estate investment trust (NYSE:UHT).  For additional information on the Company, visit our web site: http://www.uhsinc.com.

Filed Under: Press Release Wire Tagged With: Prominence Health Plan, Silver State Accountable Care Organization, Universal Health Services

Paul Krakovitz: Intermountain Healthcare

Edward Vance: EV&A Architects

Scott Arkills: Silver State Schools Credit Union

Tonya Ruby: Cox Media Las Vegas

Online Advertorials

Online Advertorials

Bank of NevadaFunding Will Provide Nevada Students With Financial Literacy Education

Infrastructure InvestmentsAssure Our Community’s Water Future

Roseman’s College of MedicineAddressing the Physician Workforce Shortage

Groundbreaking LawRequires Businesses Replace Decorative Grass

Advertise With Us

Advertise With Us. more details ►

Primary Sidebar

Get important updates from Nevada Business Magazine, directly to your inbox.
Subscribe

Nevada TaxesWill the Tax Man Cometh to Carson City in 2023?

Industry FocusBusiness Insurance

Medical FacilitiesBuilding Trends Post-COVID

Southern Nevada CCIMPassing the Torch to the Next Generation of Professionals

Nevada News & PR Wire

  • Student at Coral Academy of Science Las Vegas Selected to Participate in Year Long Leadership Program

  • Edgewood Companies Appoints Robert Winkel as New Chairman of the Board

  • Virginia Knudsen Announces Gwen Harvey as New Executive Coach for BOAR

  • Nevada State Bank Branches Accepting Donations for the Communities in Schools of Nevada Fill the Bus School Supplies Drive

  • Dickson Commercial Group (DCG) Announces New Healthcare Services Division

  • KPS3 Announces Three New Hires

  • Brian Kleven Joins Nevada Donor Network Governing Board

  • Las Vegas Doctor Warns Of The Dangers Of Handheld Sparklers

  • Southwest Medical Adds a New Physician

  • The State Of Nevada Presents The Launch Of 9-8-8, The Nation’s First Three-Digit Number For Suicide Response.

  • ICRWDA To Host K-9 Officers Competition & Training Seminar In Las Vegas

  • Take on Summer With Dunkin’s New Lineup of Iced Drinks

  • Nonprofit Cristo Rey St. Viator College Preparatory High School Kicks off Summer Campaign to Gain Additional Business Partners for Student Work-Study Program

  • Naqvi Injury Law Opens Henderson Office

  • Foster Care Panel Scheduled to Discuss Need for Foster Parents in Nye County – Division of Child and Family Services Will Host Event in Pahrump

  • Sportsman’s Royal Manor’s Continuous Improvements to Property Result in Low Crime Numbers

  • Miracle Flights Celebrates 150,000 Flight Milestone by Honoring Local Boy

  • United Way of Southern Nevada Announces Internal Promotions

  • Henderson Chamber of Commerce to Host Networking Breakfast: On a Roll – Local Gaming Update With M Resort Spa Casino Leadership

  • Nevada Supreme Court Justices Recognize Southern Nevada Senior Law Program

  • SR Construction Announces Completion Of The Henderson Hospital Expansion Project

  • Celebrate Dad With These Specials at Ava Rose Agency Restaurant Clients

  • Las Vegas-based Body Balance System to Showcase OvationULT Red Light Therapy Bed at This Year’s IECSC Show

  • Henderson Professional Fire Fighters, Henderson Police Officers’ Association, and the City of Henderson Launch Annual Safety Campaign, “Check Your Seats in the Heat”

  • Juzzef Martinez promoted to Commercial Banker for JPMorgan Chase in Las Vegas

  • Las Vegas Realtor Offers Free Buying Guide to Clark County Residents.

  • Team Nevada Returns After a Successful Appearance at the 2022 Special Olympics USA Games

  • The Problem Solver To Speak at Celebrity Speakers Business Network

  • Plumas Bancorp Honored Among Best-In-Class Banking Institutions

  • ImageWords Communications Founder Ruth Furman to Share Media Relations Tips at NAWBO Southern Nevada’s Personal Branding Workshop on June 28

  • Nevada Custom Residence Designed by Daniel Joseph Chenin, Ltd. Receives International Architizer A+ Design Award

  • National Council of Juvenile and Family Court Judges Adopts Resolution To Strengthen Role of Judges Nationwide

  • Ovation Design & Development Celebrated Grand Opening of Arioso Affordable Senior Apartment Complex — Governor Steve Sisolak and County Commissioner Justin Jones Joined Developers and Finance Leaders to Promote Affordable Housing Solutions —

  • aha! Announces Wine Flies Free Program

  • Via Brasil Steakhouse Hosts Father’s Day All You Can Eat Brunch and Dinner at $54.99!

  • Crew Las Vegas Hosts “Woman Who Build” Luncheon, June 14

  • Fennemore Joins Forces With Bay Area Wendel Rosen

  • Communities in Schools of Nevada Announces the Promotion of Alex Bybee to Chief Strategy Officer

  • Marker Trax Adds Director of Product Development and Integration to Help Company Continue to Grow

  • Grand Sierra Resort and Casino Announces the Addition of Chickie’s & Pete’s Crab House and Sports Bar

  • Southwest Medical Adds Two New Health Care Providers

  • Reno Tahoe Pain Associates Welcomes New Staff

  • How Adaptable Is Your Company? iTernal Networks’ Free Upcoming Webinar “Planning for Scalability – Tech More, Stress Less” – June 16th 1 pm PDT

  • De Castroverde Law Group receives Chambers USA’s highest ranking for the second consecutive year

  • Donor Network West Opens New Northern Nevada Headquarters

  • Blueprint Sports Launches ‘Friends of UNILV’ Name, Image, and Likeness Collective at University of Nevada, Las Vegas

  • aha! Announces Nonstop Flights to Idaho Falls From Reno-Tahoe Hub

  • Nevada Women’s Fund Selects Marilyn Newton as 2022 Salute to Women of Achievement Hall of Fame Inductee

  • Debbie Strimling Announced as Jewish Nevada Women’s Philanthropy Council Chair

  • Northcap Commercial Arranges Sale of 3842 Royal Crest St Apartments for $951,500

  • Northcap Commercial Arranges Sale of 3828 Hazelwood St Apartments for $1,730,000

  • Senior Operator at Broadbent & Associates, Inc. Receives Wastewater Operator of the Year Award

  • Siena Italian Authentic Trattoria Offers 50% Off on Wine Bottles

  • Huntington Jewelers to Add New Summerlin Location

  • CAMCO Nevada Hires Ashley King as New CFO

  • June 16 NAIOP Southern Nevada Breakfast Presents “Inflation and Rising Interest Rates: What Is the Impact to CRE Investment Sales?”

  • Project 150 Awarding More Than $170,000 in Scholarships at June 22 Event

  • Las Vegas Home Prices Set Another Record Amid Signs of a Shift in Local Housing Market

  • Emerald Island Grille in Downtown Henderson Unveils Expanded Menu

  • Touro University Nevada’s College of Osteopathic Medicine Receives Top-Level 10-Year Accreditation with ‘Exceptional Outcome’

  • Touro University Nevada’s School of Nursing Programs Receive Prestigious 10-Year Accreditation Extension

  • Quinn Gallagher Joins Blackmon Home Loans as Mortgage Loan Officer

  • Communities In Schools of Nevada Announces First Recipient of the Elaine P. Wynn Stronger Together Scholarship

  • 56th Anniversary of Miranda Rights

  • Martin Vece Named Favorite Teacher in Teacher Appreciation Week Contest — 570 Teachers Nominated in Move 4 Less Contest —

  • In-Person Workplace Safety Training Courses Have Resumed for Nevada Businesses and Employees

  • International Celebrity Vocal Coach Romeo Johnson Offers Vocal Lessons To Clark County Resident

  • 2022 WSOP Sponsor Lexicon Bank is All In Supporting Southern Nevada Charities

  • Holley Driggs Las Vegas Office Expands with New Attorney Additions

  • Nevada’s Exchange Promotes Two Long-Time Employees to Leadership Roles

  • Nathan Strager Awarded Top 1% Of Real Estate Agents in Las Vegas Valley

  • The Embedded Technology Expo To Be Hosted By The Las Vegas Convention Center

  • ExpressJet Airlines Names Bobby Looney Director of Safety

  • Angels of Las Vegas Hosts 2nd Angels on the Green Fundraiser!

  • Dragon Lights Festival Returns to Reno

  • Great Western Steam-up Features Days of Family Fun

  • Student Enrollment Now Open at Groundbreaking New Cactus Park Elementary in Las Vegas

  • CVMC CEO Prater Board Chair of Nevada Rural Hospital Partners

  • Henderson Chamber of Commerce Along With the Henderson Development Association Hosts Commercial Real Estate Development Update & Mixer

  • Michael Grimm and Bill Zappia “Givin’ It to ‘Em” New Variety Show Headlining at the Stirling Club in Las Vegas for a Limited Engagement

  • United Way of Southern Nevada’s 65th Anniversary Golf United Tournament Raises $126,440 for Las Vegas Community

  • Local Students Earn Scholarships in “Shark Tank” Style Business Pitch Competition by Junior Achievement of Southern Nevada

  • Girl Scouts Partner with CAMCO to Deliver Free Cookies to Summerlin Hospital Emergency Room Staff

  • Mark Wiley Group Welcomes New Vice President of Marketing and Communications

  • CSN and The National Juneteenth Observance Foundation Present Two-Day “Juneteenth Powwow” Festivities

  • Nevada Dairy Farmers Award $15,000 in Scholarship Money to Two Winners

  • Lily Funds Announces Sale of 2.2 Acres of Land on Las Vegas Strip

  • MDX Labs Fundraiser Supports Caridad Charity

  • Hosts of the Problem Solver Show Offering Clark County Schools Free Active Shooter Training

  • KPS3 Announces New Hires

  • Cindy Buchanan Joins JPMorgan Chase Commercial Banking in Northern Nevada

  • Dr. Chris Robey, DC, Doctor of Chiropractic, Joins the Crovetti Orthopaedics & Sports Medicine Team

  • Gaetano’s Ristorante Owner’s Recent Travels to Sicily Inspire New Authentic Recipes for 20th Anniversary Menu

  • John Rinaldo Joins Cristo Rey St. Viator College Preparatory High School as Director of Business Partnerships

  • Green Valley Library Re-Opening to Community After Extensive Renovation

  • McCarthy Building Companies Promotes Mark Mohning to Vice President of Integrated Design Delivery

  • Education Non-Profit CORE Promotes Founder Lindsay Harper to Chief Executive Officer, Launches Search for New Executive Director

  • Barracuda Championship Announced as First PGA Tour Event to Accept Cryptocurrency

  • TRU Development and LMC, A Lennar Company Officially Break Ground

  • Dueling Axes Las Vegas Launches “Cosmic Axes” to Kick off AREA15’s “Neon Dream” Memorial Day Weekend 2022



 
Submit Your News & PR | Subscribe
Submit Your News & PR

Business Connection

Business Connection Portal

Log In Sign Up

Business Connection Portal

Log In Sign Up

Nevada Business Calendar

There are no upcoming events.

View Full Calendar ►

Nevada Business Directory

Featured Businesses
Find a Nevada-Based Business Submit Your Business Subscribe to the Nevada News & PR Wire

Nevada Industries

Architects & Engineers
Arts & Culture
Banking
Commercial Real Estate
Construction
Credit Unions
Economic Development
Education
Financial Management
Healthcare
Human Resources
Insurance
Law
Manufacturing
Marketing
Media
Mining
Philanthropy
Residential Real Estate
Rural Nevada
Sports
Tax Planning and Accounting
Technology
Telecom
Tourism
Transportation
Utilities

Footer

Subscriptions

  • Print Subscription
  • Mobile App
  • E-mail Subscription

Editorial

  • Features
  • Departments
  • Events

Advertising

  • Advertise
  • Submission Requirements

Connect

  • Contact
  • LinkedIn
  • Facebook
  • Twitter

Copyright © 2022, Business Link LLC dba Nevada Business Magazine and Nevada Business Journal. Privacy Policy | Terms & Conditions
Nevada Web Design services by Nevada Central Media using Genesis Framework by StudioPress

    *Your Name

    *Your Email

    Phone Number

    Company

    *Subject

    *Your Message

      *Your Name

      *Your Email

      Phone Number

      Company

      *Subject

      *Your Message

        *Your Name

        *Your Email

        Phone Number

        Company

        *Subject

        *Your Message

          *Your Name

          *Your Email

          Phone Number

          Company

          *Subject

          *Your Message

            *Your Name

            *Your Email

            Phone Number

            Company

            *Subject

            *Your Message

              *Your Name

              *Your Email

              Phone Number

              Company

              *Subject

              *Your Message

                *Your Name

                *Your Email

                Phone Number

                Company

                *Subject

                *Your Message

                  *Your Name

                  *Your Email

                  Phone Number

                  Company

                  *Subject

                  *Your Message

                    *Your Name

                    *Your Email

                    Phone Number

                    Company

                    *Subject

                    *Your Message