Tacoma’s Franciscan Health System and the Northwest Physicians Network have created the first Medicare-approved Accountable Care Organization in the South Sound.
The new organization to be called the Franciscan-Northwest Physicians Health Network is the second Accountable Care Organization in the state.
Under the federal government’s Accountable Care Act, the network’s 560 physicians and health professionals will provide 27,000 Medicare Recipients with health care services.
Accountable Care Organizations are being formed across the country in an attempt to provide quality health care at more affordable costs. Those organizations will be rewarded by sharing those cost savings with Medicare.
The ACOs have been likened to Health Maintenance Organizations that in that they count on improved coordination to eliminate costs while maintaining health care standards.
Rick MacCornack, who is the chief systems integration officer at Northwest Physicians Network, is the chief executive officer of the Franciscan-Northwest Physician Network’s joint venture ACO.
Franciscan is a Tacoma-based health care provider that operates St. Joseph Medical Center in Tacoma, St. Frances Hospital in Federal Way, St. Anthony Hospital in Gig Harbor, St. Clare Hospital in Lakewood and St. Elizabeth Hospital in Enumclaw. The health system is also exploring mergers with Burien’s Highline Medical Center and Bremerton’s Harrison Medical Center.