letter CMO garbueeg
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Dear Colleagues,
It was great to interact with many of you during our SPN Annual Dinner held on May 8th. We had a wonderful evening where our PCPs and Specialists got a chance to network with each other and our guests including, Dr. J. Stephen Jones, newly appointed CEO of Inova, Dr. Amy Nguyen Howell, CMO for America’s Physician Groups, and Dr. Sunil Budhrani, CMO/CMIO for Innovation Health.
It gives me great pleasure to announce that Signature Partners has earned a shared savings of approximately $1.3 million for 2017 (we are in the process of finalizing the exact earned amount). This payment is based on a total cost of care for our attributed patient population that decreased by 3.5% for 2017, compared to the “market trend” (non-Signature Partners) that went up by 3.3%.
Translated, this means we outperformed other non-Signature providers by 6.8%, which is phenomenal and a direct result of all of your hard work!! Thank you all for helping SPN achieve these great results! We are working with the Innovation Health team to calculate the bonus amounts for the individual providers, and hope to distribute those next month. Based on our board-approved shared savings allocation model for 2017, gain share payments will be made to the practices with 20 or more attributed Innovation Health members, and are based entirely on attribution, with no variance based on the quality metric performance.
Sincerely,
Matthew Poffenroth, MD, MBA
CEO/CMO, Signature Partners