Memorial Hermann Accountable Care Organization

Organization Overview

Memorial Hermann Accountable Care Organization is located in Houston, TX. Memorial Hermann Accountable Care Organization is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 06/2021, Memorial Hermann Accountable Care Organization generated $48.8m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 63.2% each year . All expenses for the organization totaled $48.6m during the year ending 06/2021. While expenses have increased by 61.6% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MEMORIAL HERMANN ACCOUNTABLE CARE ORGANIZATION IS DEDICATED TO PROMOTING SOCIAL WELFARE BY ACHIEVING THE GOAL OF THE MEDICARE SHARED SAVINGS PROGRAM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AT MEMORIAL HERMANN, WE BELIEVE THAT HEALTHCARE PROVIDERS SHOULD BE ACCOUNTABLE FOR THE CARE THEY DELIVER. MEMORIAL HERMANN ACCOUNTABLE CARE ORGANIZATION (MHACO) IS COMMITTED TO DELIVERING HIGH-QUALITY CARE IN A COST-EFFECTIVE MANNER. IN ADDITION TO THE HEALTH SYSTEM'S 13 HOSPITALS, NUMEROUS SPECIALTY INSTITUTES AND ADVANCED OUTPATIENT FACILITIES, MHACO CONSISTS OF A NETWORK OF AFFILIATED PHYSICIANS THAT UNITE INDEPENDENT AND EMPLOYED PHYSICIANS OF EVERY SPECIALTY THROUGHOUT THE HOUSTON AREA IN A COMMON COMMITMENT TO QUALITY AND ACCOUNTABILITY. THESE PHYSICIANS PRACTICE EVIDENCE-BASED MEDICINE PROVEN TO RESULT IN BETTER CLINICAL OUTCOMES AND SHORTER HOSPITAL STAYS-AS WELL AS COST SAVINGS FOR HEALTHCARE CONSUMERS. AT MEMORIAL HERMANN, WE'RE ADVANCING HEALTH IN OUR COMMUNITY BY SEAMLESSLY BRIDGING CARE DELIVERY, PHYSICIANS AND HEALTH SOLUTIONS. OUR HOSPITALS AND AFFILIATED PHYSICIANS UTILIZE INFORMATION TECHNOLOGY AND SPECIALIZED TOOLS TO INCREASE CARE EFFECTIVENESS AND SAFETY WHILE GETTING PATIENTS MORE ENGAGED IN MANAGING THEIR HEALTH. THROUGH A PROCESS CALLED CLINICAL INTEGRATION, THESE HEALTHCARE PROVIDERS SHARE INFORMATION ABOUT PATIENT CARE WITH EACH OTHER. THIS ALLOWS THEM TO DELIVER CARE THAT IS MORE COORDINATED AND THEREFORE, MORE COST-EFFECTIVE. EACH HEALTHCARE PROVIDER TREATING A PATIENT RECEIVES A MORE COMPLETE PICTURE OF THAT PATIENT'S HEALTH SO PHYSICIANS AND PATIENTS CAN MAKE BETTER, MORE INFORMED HEALTHCARE DECISIONS. IN ADDITION TO DELIVERING CARE THAT LEADS TO SHORTER HOSPITAL STAYS, MHACO PHYSICIANS AIM TO KEEP PATIENTS OUT OF THE HOSPITAL IN THE FIRST PLACE. THROUGH THE USE OF PREVENTIVE MEDICINE AND A TEAM-BASED, PROACTIVE APPROACH, MHACO PHYSICIANS CAN IDENTIFY PATIENTS AT RISK OF ILLNESS BEFORE THEY BECOME ILL. FOR PATIENTS WITH CHRONIC CONDITIONS, MHACO OFFERS A FULL CONTINUUM OF CARE THAT LEADS TO BETTER CLINICAL OUTCOMES AND CONTROLS HEALTHCARE COSTS. MHACO PROVIDED CARE TO MORE THAN 40,000 MEDICARE BENEFICIARIES DURING THE FISCAL YEAR THROUGH THE MEDICARE SHARED SAVINGS PROGRAM. CARE COORDINATION TEAMS FOCUSES EFFORTS ON DISCHARGE PLANNING AND FOLLOW-UP NEEDS FOR ANY PATIENT ASSIGNED TO THE ACO AND ADMITTED IN A MEMORIAL HERMANN HOSPITAL AS AN IN-PATIENT. MHACO UTILIZES DATA ANALYTICS TO PROVIDE MEANINGFUL ACTIONABLE INFORMATION TO PHYSICIANS. MHACO'S GOAL IS TO IMPROVE THE HEALTH OF THE GREATER HOUSTON COMMUNITY THROUGH INCREASED ACCESS, LOWER COSTS, AND IMPROVED CARE. ACCORDING TO CMS REPORTS, MEMORIAL HERMANN ACCOUNTABLE CARE ORGANIZATION WAS THE TOP PERFORMING MSSP ACO IN TERMS OF GENERATED SAVINGS FOR PERFORMANCE YEARS 2013, 2014, 2015, #8 OUT OF 432 IN 2016, #11 OF 472 IN 2017, AND #24 OF 548 IN 2018.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Inpatient Consultants Of Texas
Consulting
$713,074
United Inpatient Providers Llc
Contract Services
$541,718
Ut Physicians
Contract Services
$525,000
Ut Health Science Center Houston
Contract Services
$138,825
Hospitalist Medicine Physicians Of
Contract Services
$561,193
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$48,816,010
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $48,816,010

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