image: Ochsner Health Network
Credit: Ochsner Health Network
NEW ORLEANS - Ochsner Health Network, LLC (OHN), the region’s largest physician-led clinically integrated network, is pleased to report its 2023 – 2024 impact resulting from care delivered to over a half million patients living throughout the Gulf South. The network’s all-new digital report boasts more than $56.1 million in total cost-of-care savings to the most vulnerable populations in the communities we serve, with $44.6 million in rewards to be shared among the network’s providers.
“Rising healthcare costs and access to high-quality care remain the biggest challenges in communities across our nation,” said Eric Gallagher, chief executive officer, Ochsner Health Network. “We’re proud that this year’s impact report demonstrates that when we remain resolute in putting our patients first, we break records – clinically, financially and operationally.”
Nationally recognized for demonstrating best practices in accountable care, the network’s report also details Ochsner Accountable Care Network’s $160 million in total Medicare Shared Savings cost-of-care savings since 2015, and its top 11% ranking for quality among 450 accountable care organizations nationwide.
The new report by OHN and Ochsner Accountable Care Network (OACN) highlights the network’s strengths, including collaborative partnerships, expansion of access, greater health equity, advanced data sharing and technological advancements, and excellence in clinical documentation practices. Additionally, the report highlights the positive impacts among patients with high risk, chronic conditions, pharmaceutical savings directly benefiting patients, and improved utilization through specialty care focus like cardiology and post-acute care. In turn, participating OHN and OACN physicians:
- Earned $18.6 million in value-based revenue after saving employers and beneficiaries millions more through commercial shared savings contracts
- Achieved HgbA1c control in 88% of patients diagnosed with diabetes, well above national benchmarks
- Maintained blood pressure control in 85% of patients diagnosed with hypertension, well above national benchmarks
- Reduced Medicare Shared Savings Program (MSSP) patient care costs by more than $30 million, an 11% improvement over last’s years results
- Ranked in the top 3% in Access to Care according to the Consumer Assessment of Healthcare Providers & Systems (CAHPS) Survey, which asks patients or family members about their experiences with healthcare providers.
- Earned $14.8M in total care management fees
“Our 2023-2024 annual impact report reflects the dedication of the physicians and advanced practice providers who make a difference in our communities every day,” said Sidney “Beau” Raymond, MD, chief medical officer, Ochsner Health Network. “Of the 453 ACOs across the nation, we were one of eight who assisted with the development of key drivers of success as written by the National Association of ACOs. We expanded access to care, improved health outcomes and enhanced the patient experience – all while achieving significant cost savings. These successes inspire us to continue striving for meaningful progress for our patients, participating physicians and our communities.”
“Ochsner Health Network has a long track record for finding ways to evolve, with boots on the ground in its markets, giving clinicians the tools, the data and the support to be successful in today’s high-pressure environment,” said Mike Hill, MD, chief medical officer, St. Tammany Health System. “OHN gives us the playbook, shares data and best practices, and acts as the quarterback to help us coordinate and achieve goals.”
For more information, please visit www.ochsnerhealthnetwork.org or the 2023-2024 Impact Report.
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About Ochsner Health Network
A leader in innovative healthcare delivery, Ochsner Health Network (OHN) comprises leading health systems, partner physician groups and independent community providers across the Gulf South. The largest and most advanced clinically integrated network (CIN) in the region, OHN brings together more than 6,000 physicians and advanced practice providers to improve quality and reduce costs. Together, the network is focused on sharing knowledge, resources, processes and technology to: improve healthcare quality and patient outcomes; center the care delivery model around the patient; develop better coverage solutions for employers and patients; and improve efficiency, thereby reducing the total cost of care.
About Ochsner Accountable Care Network (OACN)
Ochsner Accountable Care Network is an Accountable Care Organization (ACO) that consists of clinicians throughout Louisiana, Mississippi, Texas and Alabama. Founded in 2013 to ensure that patients, especially those with chronic conditions, get the right care, at the right time, in the right place, the network is dedicated to improving health outcomes and supports population health efforts across Louisiana and the Gulf South. As the largest ACO in Louisiana, OACN is comprised of Ochsner-employed and community physicians and is the largest ACO in Louisiana.
About Ochsner Health
Ochsner Health is the leading nonprofit healthcare provider in the Gulf South, delivering expert care at its 46 hospitals and more than 370 health and urgent care centers. For 13 consecutive years, U.S. News & World Report has recognized Ochsner as the No. 1 hospital in Louisiana. Additionally, Ochsner Children’s has been recognized as the No. 1 hospital for kids in Louisiana for four consecutive years. Ochsner inspires healthier lives and stronger communities through a combination of standard-setting expertise, quality and connection not found anywhere else in the region. In 2023, Ochsner Health cared for more than 1.5 million people from every state in the nation and 65 countries. Ochsner’s workforce includes more than 38,000 dedicated team members and over 4,700 employed and affiliated physicians. To learn more about how Ochsner empowers people to get well and stay well, visit https://www.ochsner.org/.