General Electric Advances Employer-Based Accountable Care

General Electric, one of the largest employers in the United States, is actively trying new health policies within its organization to reduce healthcare costs, according to a New York Times report.

Sue Siegel, a GE executive and leader of GE's $6 billion program to "provide better health for more people by lowering costs and increasing access," told the New York Times that GE is actively looking at several areas within accountable care. This includes creating its own patient-centered medical homes and bundled payments.

GE recently signed a deal with Hospital for Special Surgery in New York City to care for employees who need hip and knee replacements, similar to bundled payment deals announced by Wal-Mart and Lowe's.

"If we don't take accountability ourselves for figuring this out, we're part of the problem," Ms. Siegel said in the report. "We have to be involved in the solution. We can't just wait for someone to tell us that it is going to be fixed."

More Articles on Hospitals, Employers and Healthcare:
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