Signify Health announces collaboration with Prospect Medical

Signify Health announced a new collaboration with Prospect Medical Holdings. In 2023, Prospect’s Waterbury HEALTH and Eastern Connecticut Health Network, ECHN, facilities and their affiliated provider network in Connecticut will participate in the Medicare Shared Savings Program, MSSP, by joining a Signify-enabled accountable care organization, ACO, to enhance care transformation, manage risk and provide high-quality, coordinated patient care for its traditional Medicare fee-for-service patients. Signify Health will support Prospect facilities with data-driven, tailored population health roadmaps and economically aligned pricing to help its providers manage their MSSP ACO risk, reduce costs and achieve greater quality incentives for their efforts. The strategic collaboration will help Prospect improve health outcomes for patients who receive care in its hospitals, which serve diverse and underserved communities across the state. "Every healthcare market is different to a certain extent, but we were impressed by Signify’s experience that has spanned so many markets and has managed to ‘stay local’ while simultaneously honing their approach to delivering on the core competencies that any successful ACO needs to have," said EJay Lockwood, Vice President, Connecticut Coordinated Care, Prospect Medical Holdings. "Prospect is constantly looking for ways to improve our clinical and financial performance and, in Signify, we are partnering with a team that has been at this for a long time and can now also take full advantage of some of the competencies that Signify can add to our current risk management playbook. We are excited to be a new member of this growing community of provider-led ACOs."