Cleveland Clinic Strikes Bundled Payment Deal With Boeing

Chicago-based Boeing and Cleveland Clinic have struck a deal in which roughly 83,000 of the aerospace corporation's managers, retirees and family members can receive heart care at the health system for a fixed price, according to a Seattle Times report.

News of Boeing and Cleveland Clinic's bundled payment talks broke back in March. The provider has continued to strengthen its ties with corporations, like Walmart and Lowe's, from 2010 onward.

In this latest deal, nonunionized Boeing employees, retirees and dependents who are not eligible for Medicare qualify for the voluntary program. Those eligible are insured by Boeing health plans administered by UnitedHealthcare, Aetna, Cigna and Blue Cross and Blue Shield of Illinois.

Fixed-price bills will include the cost of certain cardiac procedures, such as valve replacements and bypass surgery, travel and lodging for the patient and a companion, according to the report.

A Boeing official said although the program is currently open to nonunion employees, the corporation would "eventually like all employees to have access to this specialized care," according to the report. Officials are also planning to evaluate the program's success and determine if it should be expanded to include orthopedic procedures.

More Articles on Bundled Payments:

Bundled Pricing: Getting Physician Buy-In
Do Bundled Payments Make the Grade?
AHRQ: Bundled Payments May Lead to Lower Healthcare Costs

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