UCHealth and Intermountain Healthcare launch partnership to enhance well being outcomes and scale back prices
UCHealth and Intermountain Healthcare are forming a partnership to develop a clinically built-in community to
Intermountain Healthcare and UCHealth are forming a brand new partnership to develop a clinically built-in community (CIN) with complete affected person assets. The enterprise will carry collectively 700 major care physicians and a whole bunch of clinics and hospitals, with help from specialists all through Colorado. As well as, the partnership will assist carry a brand new medical insurance choice to Coloradans.
The CIN goals to speed up the transition to value-based care within the state by bettering care coordination and offering higher-quality well being take care of greater than 300,000 residents at decrease prices.
“For a few years, UCHealth has targeted on decreasing healthcare prices, reducing insurance coverage premiums, and bettering the lives of our sufferers. We’re excited to accomplice with Intermountain to advance these objectives and to offer Coloradans a brand new possibility for his or her medical insurance that prioritizes value-based care,” mentioned Elizabeth B. Concordia, UCHealth president and CEO. “Collectively, we are going to assist enhance the general well being of the communities we serve.”
Initially, Intermountain Healthcare’s Colorado High quality Care Community and UCHealth’s Coordinated Care Colorado community will likely be introduced collectively to create the three way partnership CIN; different affiliated Colorado CINs/supplier networks might be part of the enterprise sooner or later.
The partnership may also help medical insurance merchandise and packages supplied by way of SelectHealth, which can present Medicare Benefit and Particular person ACA (Reasonably priced Care Act) plans, pending regulatory approval, starting on January 1, 2024. SelectHealth is a nonprofit well being plan serving a couple of million members in Utah, Idaho, and Nevada. SelectHealth is a subsidiary of Intermountain Healthcare.
“The CIN will deal with SelectHealth identical to all payers right here. Any plan that aligns with the CIN’s objectives of making certain a greater affected person expertise and well being outcomes whereas reducing prices will likely be thought-about a priceless accomplice,” mentioned Mark Korth, Intermountain Healthcare’s regional president. “UCHealth and Intermountain look ahead to the following evolution to our value-based care method.”
“UCHealth’s clinically built-in community, our staff, and the devoted suppliers we work with have made important strides in recent times, serving to sufferers obtain preventive care providers, tackle power situations, and make the most of essentially the most applicable care. We have now seen thrilling outcomes, together with value financial savings and enhancements in our sufferers’ well being,” mentioned Michael A. Cancro, president of UCHealth Coordinated Care Colorado and chief technique officer. “Along with Intermountain, these outcomes will multiply, offering advantages for our complete state.”
Although UCHealth and Intermountain are creating a brand new CIN partnership, the 2 well being methods will stay separate and impartial, and the CIN will likely be operated as an impartial firm. The 2 organizations anticipate their present contracts and relationships with insurance coverage to proceed as they work with all suppliers to enhance high quality and scale back prices.
About Intermountain Healthcare
Intermountain Healthcare operates a number of clinics and hospitals in Colorado and 6 different western states. Intermountain is a nonprofit system of 33 hospitals, 385 clinics, medical teams with some 3,900 employed physicians and superior care suppliers, a well being plans division known as SelectHealth with a couple of million members, and different well being providers. To assist individuals reside the healthiest lives potential, Intermountain is dedicated to bettering neighborhood well being and is well known as a frontrunner in reworking healthcare by constantly utilizing evidence-based greatest practices to ship high-quality outcomes at sustainable prices.
About UCHealth
UCHealth is an progressive, nonprofit well being system that delivers the best high quality medical care with a superb affected person expertise. UCHealth contains 29,000 staff, 12 acute-care hospitals, and a whole bunch of physicians throughout Colorado, southern Wyoming, and western Nebraska. With College of Colorado Hospital on the CU Anschutz Medical Campus as its tutorial anchor and the one grownup tutorial medical heart within the area, UCHealth is devoted to offering unmatched affected person care within the Rocky Mountain West. Providing greater than 150 clinic areas, UCHealth supplies in depth neighborhood advantages and pushes the boundaries of drugs by way of superior remedies and scientific trials, bettering well being by way of innovation.