Mount Sinai Health System and Crystal Run Healthcare Announce Alliance to Achieve the Triple Aim of Healthcare Transformation—Better Care, Better Health, Lower Cost
Mount Sinai Health System and Crystal Run Healthcare announce the establishment of the Mount Sinai-Crystal Run Alliance for Healthcare Transformation (“The Mount Sinai-Crystal Run Alliance”). The Alliance is a partnership between Mount Sinai and Crystal Run in which the participants will share and implement best practices, invest and share financial and intellectual resources, strengthen provider networks, and employ innovative approaches to the creation of health care value—all in furtherance of the “Triple Aim” of Better Care, Better Health, and Lower Cost. While Crystal Run Healthcare, a dynamic multispecialty group medical practice, will remain an independent and physician-owned/physician led partnership, Mount Sinai and Crystal Run will seek opportunities for clinical and financial integration for the benefit of the communities and patients they serve.
“Health care transformation,” explains Hal Teitelbaum, MD, JD, MBA, Crystal Run’s Managing Partner & CEO, “refers to the evolution—some would say revolution—in health care in which the emphasis is no longer on visits, procedures and other transactions, but rather on health outcomes for both individual patients and the entire community.” “Sometimes referred to as value-based care,” adds Dr. Teitelbaum, “care transformation is about compensating physicians, hospitals and other providers for what we successfully accomplish for our patients, rather than for services we provide to our patients.” Founded in 1996, Crystal Run Healthcare has become a regional and national leader in health care transformation. Crystal Run has repeatedly demonstrated its ability to improve patient outcomes while lowering cost of care.
Dr. Teitelbaum notes that “Crystal Run is honored and privileged to be partnering with the Mount Sinai Health System. Mount Sinai has an exceptional legacy of innovation, groundbreaking research and outstanding patient care and commitment, while Crystal Run has enjoyed success in developing patient-centric community based physician practices, in employing entrepreneurial approaches to meeting patient needs for access to quality care, and in implementing value-focused strategies in pursuit of health care transformation. The combination of our strengths and our commitment to transformation of the health care system will be nothing short of game changing.”
“As an integrated health system committed to providing high quality, accessible care, we are very pleased to partner with Crystal Run Healthcare, whose clinical and financial innovations have been transformative,” said Kenneth L. Davis, MD, CEO and President of the Mount Sinai Health System.
“Mount Sinai is very pleased to have Crystal Run as our strategic partner as we continuously develop the best models of care to serve our patients,” said Arthur A. Klein, MD, President of the Mount Sinai Health Network.
About Crystal Run Healthcare
Crystal Run Healthcare is a premier multispecialty group practice with over 300 providers in over 40 medical specialties and more than 20 practice locations in the Hudson Valley and lower Catskill region. Crystal Run has a strong commitment to primary care, employing an outstanding group of physicians in the specialties of Internal Medicine, Obstetrics/Gynecology, Family Practice, Geriatrics and Pediatrics. The practice also includes unsurpassed sub-specialists in a wide variety of medical and surgical specialties and sub-specialties. In addition to accreditation by The Joint Commission, Crystal Run is designated by the National Committee for Quality Assurance (NCQA) as a Level 3 Patient Centered-Medical Home. The practice is among the first 27 health care organizations in the nation to participate as an Accountable Care Organization (ACO) in the Medicare Shared Savings Program (MSSP). Crystal Run Healthcare achieved NCQA Level 2 ACO Accreditation in 2012, becoming the first health care organization to be so designated in New York State and among the first 6in the United States.
Leveraging its ACO experience, Crystal Run has entered into value-based care/shared savings arrangements with numerous commercial payers and a Medicaid managed care organization. As a result, contracts which reward Crystal Run for health outcomes now cover approximately 50% of the group’s attributed primary care patients. Crystal Run has demonstrated its ability to manage population health, improving quality while simultaneously lowering per capita cost for the patients it serves. For more information about Crystal Run Healthcare visit our website at www.crystalrunhealthcare.com or call 845.615.6832.
About the Mount Sinai Health System
The Mount Sinai Health System is an integrated health system committed to providing distinguished care, conducting transformative research, and advancing biomedical education. Structured around seven hospital campuses and a single medical school, the Health System has an extensive ambulatory network and a range of inpatient and outpatient services—from community-based facilities to tertiary and quaternary care.
The System includes approximately 7,100 primary and specialty care physicians; 12 joint-venture ambulatory surgery centers; more than 140 ambulatory practices throughout the five boroughs of New York City, Westchester, Long Island, and Florida; and 31 affiliated community health centers. Physicians are affiliated with the renowned Icahn School of Medicine at Mount Sinai, which is ranked among the highest in the nation in National Institutes of Health funding per investigator. The Mount Sinai Hospital is in the "Honor Roll" of best hospitals in America, ranked No. 15 nationally in the 2016-2017 "Best Hospitals" issue of U.S. News & World Report. The Mount Sinai Hospital is also ranked as one of the nation's top 20 hospitals in Geriatrics, Gastroenterology/GI Surgery, Cardiology/Heart Surgery, Diabetes/Endocrinology, Nephrology, Neurology/Neurosurgery, and Ear, Nose & Throat, and is in the top 50 in four other specialties. New York Eye and Ear Infirmary of Mount Sinai is ranked No. 10 nationally for Ophthalmology, while Mount Sinai Beth Israel, Mount Sinai St. Luke's, and Mount Sinai West are ranked regionally. Mount Sinai's Kravis Children's Hospital is ranked in seven out of ten pediatric specialties by U.S. News & World Report in "Best Children's Hospitals."