UCHealth and Intermountain Healthcare launch partnership to… – UCHealth Today
Intermountain Healthcare plus UCHealth are forming a new partnership to create a medically integrated system (CIN) with comprehensive patient resources. The venture will bring together 700 primary care physicians and hundreds of clinics and hospitals, with support from specialists throughout Colorado. In addition , the partnership will help bring a new health insurance option to Coloradans.
The particular CIN aims to accelerate the transition to value-based care in the state by improving care coordination and providing higher-quality health care for more than 300, 000 residents at lower costs.
“For many years, UCHealth has focused on reducing healthcare costs, lowering insurance premiums, and improving the lives of our patients. We are excited to partner along with Intermountain in order to advance these goals and to give Coloradans a new option for their medical health insurance that prioritizes value-based care, ” said Elizabeth B. Concordia, UCHealth president and CEO. “Together, we will help improve the overall health of the communities we serve. ”
Initially, Intermountain Healthcare’s Colorado Quality Care Network and UCHealth’s Coordinated Care Colorado network will be brought with each other to create the joint venture CIN; other affiliated Colorado CINs/provider networks may join the particular venture in the future.
The collaboration will also support health insurance products and programs offered through SelectHealth, which will provide Medicare Advantage plus Individual ACA (Affordable Care Act) plans, pending regulatory approval, beginning on January 1, 2024. SelectHealth is a nonprofit health plan serving more than one million members inside Utah, Idaho, and Nevada. SelectHealth is really a subsidiary associated with Intermountain Healthcare.
“The CIN will treat SelectHealth just like all payers here. Any plan that will aligns with the CIN’s goals of ensuring a better individual experience in addition to health outcomes while lowering costs will be considered a valuable partner, ” said Mark Korth, Intermountain Healthcare’s regional president. “UCHealth and Intermountain look forward to typically the next evolution to our own value-based care approach. ”
“UCHealth’s clinically integrated network, our employees, and the dedicated providers all of us work with have made significant strides in recent years, helping patients receive preventive care services, address chronic conditions, and even utilize this most appropriate care. We have seen exciting results, including cost savings together with improvements in our patients’ wellness, ” said Michael A. Cancro, chief executive of UCHealth Coordinated Care Colorado and additionally chief strategy officer. “Together with Intermountain, these outcomes will multiply, providing benefits for the entire state. ”
Though UCHealth not to mention Intermountain are creating a new CIN relationship, the two well being systems may remain separate and independent, and often the CIN can be operated as an independent company. The two organizations expect their own current contracts and relationships with insurance plans to continue as they use all providers to be able to improve quality and reduce costs.
About Intermountain Healthcare
Intermountain Healthcare operates multiple clinics and also hospitals within Colorado as well as six other western states. Intermountain is a nonprofit system of 33 hospitals, 385 clinics, medical groups together with some 3, 900 employed physicians and advanced treatment providers, the health programs division called SelectHealth with more than one mil members, and other health services. To assist people live the healthiest lives possible, Intermountain is committed to enhancing community health and fitness and will be widely recognized as a leader in transforming healthcare by consistently using evidence-based best practices to deliver high-quality outcomes at sustainable costs.
UCHealth is an innovative, nonprofit health system that delivers the highest quality medical care with an excellent patient experience. UCHealth includes 29, 000 employees, 12 acute-care hospitals, and hundreds of physicians across Colorado, southern Wyoming, plus western Nebraska. With University associated with Colorado Hospital on the CU Anschutz Medical Campus as its academic anchor in addition to the only adult educational medical center in the region, UCHealth is dedicated to providing unmatched patient care in the Rocky Mountain West. Offering more than 150 clinic locations, UCHealth provides extensive community benefits and pushes the boundaries of medicine through advanced treatments and even clinical trials, improving health through innovation.