KENNETT SQUARE, PA — The Post-Acute and Long-Term Care Medical Association (PALTmed) and LTC ACO have announced the launch of the Value-Based Care (VBC) Joint Alliance, a collaborative effort designed to assist long-term care and assisted living providers in navigating Medicare’s value-based care programs. This initiative aims to improve care quality, optimize participation in Medicare Shared Savings Programs (MSSP), and enhance opportunities for shared savings.
The Centers for Medicare & Medicaid Services (CMS) plans to transition all Medicare fee-for-service beneficiaries into value-based care models by 2030, but long-term care providers often face hurdles such as financial, operational, and technological constraints. The VBC Joint Alliance seeks to address these challenges by offering tailored resources, tools, and guidance to equip providers for success in value-based care environments.
“At PALTmed, we are committed to developing skilled, compassionate clinicians and leaders who deliver goal-aligned care across post-acute and long-term care settings,” said Dr. Rajeev Kumar, President of PALTmed. “Through interprofessional collaboration, evidence-based clinical guidance, and strong advocacy, we strive to enhance quality, support our members, and improve outcomes for patients, residents, and families.”
The Alliance includes access to a specialized online library featuring expert guidance on beneficiary attribution, clinical performance, cost optimization, and quality enhancements. Created with input from LTC ACO’s extensive experience, the educational resources aim to prepare providers to maximize the benefits of Medicare’s value-based care programs. Since 2018, LTC ACO has generated over $130 million in shared savings, demonstrating its effectiveness in guiding care providers.
“LTC ACO remains dedicated to supporting providers in their transition to value-based care,” said Al Shaine, President of LTC ACO. “This alliance highlights the importance of synergy within the post-acute and long-term care industry, offering providers the knowledge and resources they need to thrive.”
By combining PALTmed’s clinical expertise with LTC ACO’s proven strategies, the VBC Joint Alliance is set to empower long-term care providers, enabling them to achieve clinical excellence and operational success in a value-based care landscape.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.