Walmart Contributes to Arkansas' Payment Improvement Initiative
The Arkansas Payment Improvement Initiative, a program designed to reward hospitals and care providers in the state who give high-quality care at a lower cost, now has Walmart as a backer. Bentonville, Ark.-based Wal-mart Stores has committed $670,000 to support the program's ongoing work.
The project's long-term goal is to create a new, more sustainable healthcare system through cost containment. "It is critical that large, self-insured companies like Walmart be involved in this complex work that has the potential to serve as a model for the rest of the nation," Arkansas Gov. Mike Beebe said.
Walmart will also serve on the APII Employer Advisory Council, fund information development and its distribution to the public and help underwrite a yearly tracking report to evaluate the project's impact.
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