This article was contributed by Dr. Charin Hanlon, internal medicine physician at Novant Health Internal Medicine Wilmington and chairman of Novant Health New Hanover Regional Medical Center's Accountable Care Organization, Physician Quality Partners.
I’m thrilled to share that Novant Health New Hanover Regional Medical Center ranked No. 1 last year in high-quality local health care for the federal Medicare & Medicaid programs in North Carolina. In fact, we were third in the nation.
Just as important, we saved the government and taxpayers more than $4.7 million in our Medicare and Medicaid programs in 2022. This came about through the performance of Physician Quality Partners (Novant Health New Hanover Regional Medical Center’s Accountable Care Organization, or ACO) – an organization I chair.
If you don’t work in health care, you may not have heard of ACOs. They provide a unique strategy to ensure hospitals, doctors and other healthcare providers offer coordinated, high-quality care to their Medicare patients at the best value.
The Centers for Medicare & Medicaid Services’ Medicare Shared Savings Program (MSSP) ranks hospitals and providers on how efficient we are with federal dollars – and rewards us financially for being good stewards of those dollars.
Last year, because of the $4.7 million we saved, Novant Health received a payment of $2.3 million from the government.
And we took those funds and reinvested them here to help fund key positions that help them care for the community. That includes:
Avelo To Offer Nonstop Flight To Miami At ILM
Staff Reports
-
Apr 15, 2025
|
|
CAP3 Promotes Shannon Short To Chief Operating Officer
Staff Reports
-
Apr 15, 2025
|
|
Downtown Building Changes Hands For $2.25M
Emma Dill
-
Apr 16, 2025
|
|
Four County EMC Honors Retirement Of East Pender District Director
Staff Reports
-
Apr 15, 2025
|
|
Weldon Joins Eldercare And AssistedCare At Home
Staff Reports
-
Apr 15, 2025
|
For Sweet D’s, it was as if Wilmington had been waiting for them....
In recent years, a Wilmington law firm and others in the area have worked on hundreds of T visa cases for men, women and children who have b...
Most organizations would be thrilled to log year-over-year double-digit growth in demand. But for The Lord’s Food Pantry in Shallotte, that...
The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.