The healthcare cabinet was created last year to study healthcare cost containment models in six states — Massachusetts, Maryland, Oregon, Rhode Island, Washington and Vermont — and develop a viable proposal to manage healthcare spending in Connecticut.
The healthcare cabinet hired third-party consulting firm Bailit Health Purchasing to present a potential proposal.
The proposal includes the following recommendations.
- The consolidation of more than six current healthcare agencies into a single agency called the Connecticut Health Authority.
- The creation of a quasi-independent oversight agency, called the Office of Health Reform, with powers to monitor and influence healthcare cost increases in the state.
- The use of incentives to encourage networking and partnerships between rural, community and urban healthcare providers. These new networks would be called consumer care organizations.
- The transition of Medicaid and state employee benefit programs to value-based payments based on consumer care networks.
More articles on finance issues:
OIG: St. Louis hospital received $341k in Medicare overpayments
CMS projects next decade of health expenditures, enrollment: 5 things to know
Proposed bill would cover chronic care costs for some HDHP policyholders
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
