BCBS of Rhode Island Ties 20% of Hospital Reimbursements to Quality
Providence Business News report.
Mr. Andruszkiewicz, UnitedHealthcare of New England CEO Stephen Farrell and Tufts Health Plan of Rhode Island CEO James Roosevelt Jr. spoke at a health insurance conference session in Rhode Island to answer how their organizations will try to reduce healthcare costs.
Mr. Farrell said UnitedHealthcare will support value-based care measures and evidence-based medicine — in other words, a shift toward pay-for-performance and away from fee-for-service. He also said cost savings can be realized in healthcare when hospitals, insurers and patients increase compliance, improve education and reward providers who "produce the best outcomes," according to the report.
Similar to UnitedHealthcare's and BCBS of Rhode Island's plans, Mr. Roosevelt said Tufts Health Plan would be moving toward a global payment model that pays hospitals and other providers based on reducing volume and hospital stays but increasing patient preventive care.
More Articles on Hospital-Payor Relationships:
© Copyright ASC COMMUNICATIONS 2014. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
New From Becker's Hospital CFO