The agreement ties two of Minnesota’s largest healthcare companies together under a value-based payment arrangement that will cover 130,000 people. Allina performs 6 million-plus patient visits a year, and 1 in 3 Minnesotans have health insurance through Blue Cross.
Specifically, the organizations aim to lower the cost trend of Blue Cross member care at Allina facilities by 10 percent over five years. The portion of payments tied to optimal outcomes that Blue Cross will make to Allina are up to 10 times higher than typical risk-based contracts, the companies said.
Key focuses of the agreement include care coordination, health disparities, telehealth and preventive care.
Read more here.
More articles on payers:
Aetna fined for denying ER claims in California
BCBS of Tennessee threatens to sue data firm over report finding provider overcharges
Insurers’ COVID-19 waivers to expire in coming months
