Partners, Tufts Expect to Save $105M on New Contract

Partners HealthCare and Tufts Health Plan, two behemoth-sized healthcare organizations in the Boston area, have reached a new contract agreement expected to reduce healthcare spending by more than $105 million over the next four years, according to a Partners news release.

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Partners, which includes Massachusetts General Hospital and Brigham and Women’s Hospital, and Tufts agreed to reduce Partners’ reimbursements by a total of $45 million over 2012 and 2013, according to the release. Over the duration of the contract, this will lead to roughly $105 million in savings.

Rate increases during the contract period will be in line with general inflation, which is currently between 2 and 3 percent.

Partners will also enter Tufts’ Coordinated Care Model, which is a global payment system in which Partners will be required to meet or exceed quality measures for patients and keep costs down.

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