Signify Health, Inc. announced a new collaboration with Prospect Medical Holdings, Inc., a growing healthcare services company with 16 hospitals serving underserved communities in four states. In 2023, Prospect's Waterbury HEALTH and Eastern Connecticut Health Network (ECHN) facilities and their affiliated provider network in Connecticut will participate in the Medicare Shared Savings Program (MSSP) by joining a Signify-enabled accountable care organization (ACO) to enhance care transformation, manage risk and provide high-quality, coordinated patient care for its traditional Medicare fee-for-service patients. Prospect, an experienced MSSP participant, will maximize its potential for improving quality of care and patient outcomes by moving into the Enhanced MSSP track.

Prospect's facilities and physicians in Connecticut will join independent providers across the nation in Signify's collaborative ACO model to achieve the benefits of scale that help to improve results and enable risk expansion. Signify Health will support Prospect facilities with data-driven, tailored population health roadmaps and economically aligned pricing to help its providers manage their MSSP ACO risk, reduce costs and achieve greater quality incentives for their efforts. The strategic collaboration will help Prospect improve health outcomes for patients who receive care in its hospitals, which serve diverse and underserved communities across the state.