November 21, 2011
CHOC Children’s was recently awarded with a $1,040,000 grant from Blue Shield of California to support CHOC’s efforts to become an accountable care organization (ACO). CHOC was one of only 18 hospitals, health systems, clinics and physician groups – many serving underserved populations - in the state to be awarded the grant.
A key provision in the new health law, ACOs are arrangements between providers and payors creating clinical and financial integration. ACOs are intended to foster greater efficiency and quality in the delivery of care.
Blue Shield’s ACO grants are being made as part of the non-profit health plan’s two percent pledge to limit annual net income to two percent of revenue and to return the difference collected above that amount to customers and to the community. The grants represent an average of $10 million for each of the two fiscal years (2010 and 2011) that the pledge has been applied.
CHOC will utilize the grant to support its mission of providing care to underserved children in Orange County. The funds will be used to enhance case management, health education, nutrition and social services.
About Blue Shield of California: Blue Shield of California, an independent member of the Blue Cross Blue Shield Association, is a not-for-profit health plan with 3.3 million members, 4,800 employees, and one of the largest provider networks in California. Founded in 1939 and headquartered in San Francisco, Blue Shield of California offers a wide range of commercial and government products throughout the state. The company has contributed more than $125 million over the past four years to the Blue Shield of California Foundation, which was named one of Businessweek’s 20 most generous corporate foundations.
About CHOC Children's: Named one of the best children’s hospitals by U.S. News & World Report (2013-2014) and a 2013 Leapfrog Top Hospital, CHOC Children's is exclusively committed to the health and well-being of children through clinical expertise, advocacy, outreach and research that brings advanced treatment to pediatric patients. Affiliated with the University of California, Irvine, CHOC’s regional healthcare network includes two state-of-the-art hospitals in Orange and Mission Viejo, several primary and specialty care clinics, a pediatric residency program, and four centers of excellence - The CHOC Children’s Heart, Neuroscience, Orthopaedic and Hyundai Cancer Institutes. CHOC earned the Gold Level CAPE Award from the California Council of Excellence, the only children’s hospital in California to ever earn this distinction, and was awarded Magnet designation, the highest honor bestowed to hospitals for nursing excellence. Recognized for extraordinary commitment to high-quality critical care standards, CHOC’s Pediatric Intensive Care Unit (PICU) is the first in the United States to earn the Pediatric Beacon Award for Critical Care Excellence.
Denise Almazan, Director of Public Relations
phone: (714) 509-8680