Kindred Healthcare, Inc. (NYSE:KND) announced this week that it has signed an agreement to become a strategic partner and owner in a Las Vegas accountable care organization (ACO).
Kindred will partner with Silver State Accountable Care Organization, LLC, an ACO that formed in 2013 and services Medicare fee-for-service patients in Southern Nevada.
Partnering with Kindred’s Care Management Division, Silver State will collaborate in more effectively managing patients’ experience across the entire episode of care.
Las Vegas already plays home to one of Kindred’s Integrated Care Markets, which contains three certified long-term acute care hospitals, one co-located transitional care center licensed for skilled nursing care, home health, hospice and personal home care assistance services.
“Kindred’s partnership with the Silver State ACO represents an important step in our strategy to leverage our care management capabilities, and partner with primary care physicians to offer a full continuum of services in our Integrated Care Markets throughout the country,” stated Kindred CEO Paul Diaz. “This ACO experience will create value for patients and partner providers as the nation’s healthcare system continues to evolve and move from fee-for-service to pay-for-value.”
To date, Silver State has secured the participation of approximately 150 primary care physicians and other healthcare providers covering more than 10,000 lives.
“Managing the full spectrum of healthcare needs for more than 10,000 patients throughout Southern Nevada will highlight the valuable role of Kindred’s Care Management Division,” stated Kindred Chief Operating Office Benjamin Breier. “We look forward to participating in Silver State, and we are confident this collaboration will improve care outcomes and create wellness for this population.”
A FORTUNE 500 healthcare services company, Kindred totals annual revenues of approximately $5 billion and approximately 63,000 employees in 47 states.
As of December 31, 2013, the company has provided healthcare services in 2,280 locations nationwide, including 101 transitional care hospitals, 100 nursing centers, 22 sub-acute units, 159 Kindred at Home hospice, home health and non-medical home care locations, as well as 104 inpatient rehabilitation units.
Written by Jason Oliva