Miami Healthcare Entrepreneur Acquires Broward-based Accountable Care Organization Joe Caruncho Returns To Health Industry With Launch Of Genuine Health Group And Purchase Of PremierMD ACO

▤ Summary

Joe Caruncho is launching Genuine Health Group and buying PremierMD Accountable Care Organization. The new company focuses on helping physicians move to value-based payment models with analytics-driven healthcare services. PremierMD’s ACO gives Genuine Health an existing base of 70 physicians and a CMS-linked operating model. The company plans to expand to as many as 1,000 primary care doctors across Miami-Dade, Broward, and beyond. The deal also signals a shift to an advanced payment model with financial risk, bonuses, and reduced reporting burdens for participating doctors.

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