The health insurer said it has contacted 25 of its largest providers to open up negotiations that move away from the fee-for-service model. Instead, the insurer plans to offer bundled payments on a per patient or per medical episode basis, according to the report.
Pilgrim follows Blue Cross Blue Shielf of Massachusetts, which has transitioned 32 percent of its HMO business to a global payment system, and Tufts Health Plan, which has 20 percent of its business contracted using global payments, according to the report.
Read the Boston Business Journal report on global payments.
Read more coverage on global payments:
– AHA Report: Bundled Payments Could Reduce Spending, Spur Quality Improvement
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