20 major health systems, payers pledge to convert 75% of business to value-based arrangements by 2020
A group of the top U.S. health systems, payers and stakeholders announced Wednesday the formation of the Health Care Transformation Task Force, a private-sector alliance aimed at accelerating the healthcare industry's transformation to value-based care.
The 28-member Task Force, which includes 20 insurers and provider organizations such as Boston-based Partners HealthCare and Livonia, Mich.-based Trinity Health, committed to put 75 percent of their businesses in the next five years into value-based payment arrangements, which will hold providers accountable for the cost of care, quality of care and health of the population.
Payers involved include Aetna, Blue Cross Blue Shield of Massachusetts and Blue Shield of California.
The alliance first plans to improve the accountable care organization model, develop a standard system for bundled payments and improve high-cost care, according to a statement. The group already released Wednesday a set of recommendations to improve ACOs. Going forward, the Task Force plans to develop more recommendations for Congress, CMS and the private sector addressing new delivery and payment models, best-practice tools and benchmarks, according to the report.
The formation of the Task Force follows the HHS announcement Monday that half of Medicare reimbursement will shift to alternative payment arrangements by 2018.
"The formation of this Task Force and its ambitious goal demonstrate that the private sector embraces a value-based approach to improving care and lowering costs," Richard Gilfillan, MD, CEO of Trinity Health, and chairman of the Task Force, said in the statement.
The following organizations are part of the Health Care Transformation Task Force.
Advocate Health Care
Heritage Provider Network
Providence Health & Services
Tucson Medical Center Healthcare
Blue Cross Blue Shield of Massachusetts
Blue Shield of California
Health Care Service Corporation
Caesar's Entertainment, Inc.
Pacific Business Group on Health
Patients and Families
National Partnership for Women & Families
Mark McClellan, Brookings Institution
Dartmouth Institute for Health Policy and Clinical Practice
Chris Dawe, Evolent Health
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