Although some areas of the contract have yet to be finalized, Lifespan is expected to limit inflation increases and agree to a bundled payment contract and will receive financial incentives for meeting certain quality standards.
The agreement between the state’s largest hospital system and largest insurer is the first to meet the new contracting conditions for health plans and hospitals adopted by the state’s Health Insurance Commissioner in July. The regulation enacts six conditions that new health plans must meet, including enacting incentive- and performance-based payment methods, promoting increased lines of communication between hospitals and primary care providers and limiting the average annual effective rate increases to a weighted average equal or less than CMS’ Hospital Input Price Index.
Read the Providence Journal report on the Lifespan and BCBS contract.
Read more coverage on Lifespan:
– Rhode Island’s Lifespan, Brown University Medical School Affiliate
