Seventy-five percent of Tenet's hospitals across the U.S. have affiliated ACO networks that provide care to nearly 700,000 Medicare and commercial patients.About Tenet Healthcare Tenet Healthcare Corporation is a diversified healthcare services company with more than 125,000 employees united around a common mission: to help people live happier, healthier lives. Through its subsidiaries, partnerships and joint ventures, including United Surgical Partners International (USPI), the company operates 80 general acute care hospitals, 19 short-stay surgical hospitals and over 400 outpatient centers in the United States, as well as nine facilities in the United Kingdom. Tenet's Conifer Health Solutions subsidiary provides technology-enabled performance improvement and health management solutions to hospitals, health systems, integrated delivery networks (IDN), physician groups, self-insured organizations and health plans. Tenet also operates six health plans. For more information, please visit www.tenethealth.com. The terms "THC," "Tenet Healthcare Corporation," "the company," "we," "us" or "our" refer to Tenet Healthcare Corporation or one or more of its subsidiaries or affiliates as applicable.
Tenet Healthcare Corporation's (NYSE: THC) Michigan Pioneer Accountable Care Organization (ACO) generated an estimated savings of nearly $17 million in its third performance year, making it the most successful Pioneer ACO in 2014 for benchmark savings improvement. The Michigan Pioneer ACO is affiliated with Tenet's Detroit Medical Center and is one of only 19 organizations nationally participating in the Centers for Medicare and Medicaid Services (CMS) accountable care initiative. This initiative is designed to achieve CMS's "triple aim" of providing more coordinated care to Medicare beneficiaries at a lower cost to the Medicare program, while achieving rigorous quality standards. The Michigan Pioneer ACO yielded nearly $39 million of savings over a three-year period, during which time the ACO also experienced consecutive year-over-year improvement in quality results. "The focus of our Michigan Pioneer ACO is to improve care transitions and care coordination, supported by efforts to ensure patients see their primary care physician within seven days after hospital discharge and encouraging every patient to see their primary care physician for their Medicare annual wellness visit," said Joe Mullany, chief executive officer of Detroit Medical Center. "This program demonstrates DMC's and Tenet's long-standing commitment to improving the health of our patients and the delivery of healthcare services to our communities." More than 20,000 Medicare beneficiaries receive their care from providers in the Michigan Pioneer ACO. Improved access to services, including preventive medical care, is facilitated by physicians participating within the ACO and is achieved through enhanced coordination and communication among patients, physicians, hospitals and other caregivers. "We are proud of DMC's Michigan Pioneer ACO and the achievements realized during the first three years of the program," said Trevor Fetter, chairman and chief executive officer of Tenet Healthcare. "These results are made possible when patients, physicians, hospitals and the entire medical community collaborate effectively. Tenet is pleased to continue its engagement in Medicare ACOs and plans to expand these programs for 2016, building upon our commitment to improve quality and achieve better outcomes."