Catalyst Health Network is adding nearly 100 primary care physicians from the Greater Austin and Hill Country regions, bringing the total to more than 850 physicians statewide.
Over the past few months, many primary care physicians have seen revenues drop significantly as patients avoid the doctor, putting their livelihood in jeopardy. Catalyst founder Dr. Chris Crow and others have been advocating for value-based contracts and prospective payments to help these practices stay in business and provide value to the healthcare system.
“Now more than ever, primary care practices want to align in a network to strengthen their resources and maximize the value that we can provide patients,” said Dr. Kevin Spencer of Premier Family Physicians in Austin via release. “Being a part of the Catalyst network empowers my practice to create sustainable, lifelong relationships with our patients and better serve our community.”
The network allows physicians to have access to programming, research, and value-based contracts. Beginning in 2015 in North Texas, it has grown to nearly 1,000 providers in Texas and Oklahoma, serving over 1 million patients, 300 offices, and saving $55 million along the way.
“Catalyst’s expansion into the Greater Austin area will bring a wealth of knowledge and resources on value-based care, population health and care management capabilities to more primary care physicians and patients,” said Tom Banning, CEO/EVP of the Texas Academy of Family Physicians via release. “Catalyst will complement and greatly broaden the move to value-based care by ensuring primary care physicians have the resources they need to provide high quality, cost effective care.”
“Catalyst has worked intensively with our network to ensure that practices have the resources needed to continue providing the best care to their patients, whether financial, technology or education-focused,” added Crow via release. “Our new practices in Central Texas will immediately have access to these resources to help them not only keep their doors open, but to continue building relationships with patients that will ultimately impact their long-term health.”