Seniors Housing Weekly Update - Kindred Healthcare Invests In An ACO
May 6, 2014
Kindred Healthcare Invests In An ACO
Is this the start? Will we see more announcements like this in the coming months by other post-acute providers? I am referring to Kindred Healthcare’s announcement that it has signed an agreement to become a strategic partner with and owner of an accountable care organization in Las Vegas, Nevada. This has been the sort of thing that Kindred has been working toward the past 18 to 24 months or so. Las Vegas is one of its Integrated Care Markets, with three LTACs, one co-located hospital-based transitional care center licensed as a skilled nursing facility, another SNF being built, plus home health, hospice and personal care assistance services. Silver State ACO was formed in 2013 and approved by CMS as a “shared savings” ACO to serve Medicare fee-for-service patients in southern Nevada. The goal is to improve patient outcomes and in doing so, help keep a lid on health care costs. No disagreement from me on those goals.