5 Michigan health organizations get first value-based payouts totaling $25M

Five Michigan health organizations that signed innovative, value-based reimbursement contracts with Detroit-based Blue Cross Blue Shield of Michigan years ago have received their first payouts totaling $25 million, according to a Crain’s Detroit Business report.

Advertisement

The five organizations — St. John Providence Health System in Warren, Trinity Health in Livonia, Beaumont Health System in Royal Oak, MidMichigan Health in Midland and Botsford Hospital in Farmington Hills — signed contracts with BCBS of Michigan in 2011 and 2012.

For 2013, the hospitals shared $50 million in savings with BCBS of Michigan, and Blue Cross Vice President Steve Anderson told Crain’s the results “came in better than projections.”

More articles on payer issues:

6 recent hospital, payer conflicts and deals

 

UC Health, UnitedHealthcare resolve part of contract dispute

CareFirst’s $964M cash reserve deemed ‘excessive’


Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.