LAKEWOOD, Colo., Nov. 12, 2024 (Globe Newswire) — Bloom Healthcare is the industry leader in the ACO REACH (Responsible Care Organizations Enabling Equity, Access, and Community Care) model for its 2023 financial year. We are proud to announce our leading achievements. Bloom achieved an impressive total savings rate of 24.6%. This means that healthcare costs for Bloom's ACO patients were nearly 25% below spending targets set by Medicare. Bloom also ranked among the top high-needs ACOs for quality for the second year in a row, scoring above the 98th percentile on all ACO REACH outcome measures.
These results go beyond mere financial success, with real, tangible benefits for patients and their families. Bloom Healthcare's focus on patient-centered home care allows more seniors to stay in the comfort of their own homes, avoid hospitalization, and receive comprehensive, personalized care. Our model not only improves health outcomes, but also significantly improves quality of life and reduces the burden on families.
“Our strong results on both quality and savings metrics mean that by providing compassionate, personalized care to our neediest patients, we are improving their lives while reducing the burden on the Medicare program. We are proving that we can meaningfully improve quality,” said Dr. Tom Lally, CEO of Bloom. health care. “This impact is a testament to the dedication of our team and the importance of bringing innovative care into the home.”
Quality outcomes that drive patient impact
Bloom's success is reflected in key quality indicators. In 2023, patients with complex chronic conditions under Bloom's care spent an average of 326.7 days at home, significantly higher than the program average. This ranks Bloom in the 99.8th percentile for days at home measurement and directly reflects Bloom's success in keeping patients where they want to be: at home and surrounded by their loved ones. . Additionally, Broome's unplanned hospitalization rate was 25% lower than the average for other high-needs ACOs, further demonstrating the effectiveness of comprehensive, coordinated care in reducing hospitalizations and improving patient outcomes.
Bloom Healthcare Background
Bloom Healthcare is a leading provider of home-based primary care and hospice services for older adults with complex health needs, serving patients in Colorado and Texas. Bloom specializes in providing personalized, compassionate care to help patients age in place while receiving the highest quality medical care. Through innovative care models, Bloom's multidisciplinary team of health professionals, including primary care providers, care managers, and behavioral health staff, coordinates care in a variety of settings to reduce hospitalizations and improve health outcomes. and contribute to improving the quality of life for patients and their patients. family.
As a top performer in the ACO REACH model, Bloom is demonstrating the power of value-based care to transform healthcare for the most vulnerable populations. With a focus on evidence-based care, individualized care coordination, and compassionate service, Bloom meets the needs of patients with chronic illnesses, behavioral health conditions, and dementia, all from the comfort of their own home. I can respond.
For more information, please visit www.bloomhealthcare.com.
The statements contained in this document are solely those of the authors and do not necessarily reflect the views or policies of CMS. The authors are responsible for the accuracy and completeness of the information contained in this document.
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