Greatest_Hits_Book_2019

Best Financial Performance

• AtlantiCare Health System will exceed its budgeted operating margin for fiscal year 2019. • Received $8.3 million, including a $1.7 million reward from the Delivery System Reform Incentive Payment Program (DSRIP). • Raised over $850,000 through two signature Foundation fundraising events, The Century Club Gala and the Thomas L. Glenn, Jr. Memorial Golf Tournament, representing an increase of $65,000 from FY 2018. • Successfully contracted with Horizon NJ Health (Managed Medicaid) to accept its Medicaid members at all Urgent Care Centers. • Received over $3.5 million in Bundle Payments for the first nine months of the fiscal year. • Upgraded five financial systems related to contract management, data management, financial reporting and decision support. • Increased Energy Star Rating by 10%. • Advanced Illness Management achieved inpatient variable cost savings of $7.1 million year-to-date. • Received final approval of a $15 million grant and land transfer from the Casino Reinvestment Development Authority (CRDA) toward our proposed $38 million medical arts facility on Ohio Avenue in Atlantic City. • Signed a five-year agreement in collaboration with Geisinger to build an integrated and innovative approach to improving quality and reducing supply costs with Medline Industries. • Kicked off the Optimus project, which replaces outdated billing technology with Epic Revenue System (EPIC) and streamlines the billing and collections practices on one uniform platform in sync with Geisinger. • Geisinger, including AtlantiCare, received the HealthCare Financial Management Association MAP award for High Performance in Revenue Cycle for the fifth time. • Finalized a Home Health and Hospice Joint Venture with LHC Group to enable us to continue those services in our community, particularly to the uninsured and underinsured populations. • Restructured our Oncology facility relationship (South Jersey Oncology Properties), which enables AtlantiCare to recognize savings on a go-forward basis. • Successful utilization management audits with Horizon Blue Cross, which enabled AtlantiCare to retain $2.5 million of revenue that was at risk. • AtlantiCare’s Legal and Risk Management successful defense of claims against AtlantiCare resulted in a more than $2 million reduction in malpractice costs. • Received approximately $1 million in shared savings payment from Horizon. • Received a $58,000 grant from the Susan G. Komen Breast Cancer Foundation to provide mammography screening services for underinsured and uninsured women in our service area. • Renegotiated cost of Depuy implants for orthopedic procedures for a projected savings of $123,000 through clinical effectiveness.

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