National Alliance of Healthcare Purchaser Coalitions and Remedy Partners Collaborate to Accelerate Healthcare Payment Reform

The organizations are examining how best to build a national platform that will offer employers a clearer path toward adoption of episode-based payment and benefit design and will test the concept with select coalitions over the next year. The collaboration expands the ability of National Alliance coalitions and their employer/purchaser members to drive change in their respective markets. This platform would establish critical aspects of success in value-based models of care and help coalitions and employers overcome current barriers to episode-based care arrangements.

"We're exploring an approach that takes advantage of Remedy Partners' market leadership in bundled payments through Medicare to develop successful risk-based arrangements that can be more easily adopted by local and national employers and purchasers," said Michael Thompson, National Alliance president and chief executive officer. "Employer-led bundled payment can truly bring about the change required in the broken healthcare market. Working through our regional and national network of member coalitions can enable faster and more seamless execution of episode of care payment models across the country."

As a key value-based care strategy, bundled payments are an alternative payment model that incents providers to increase coordination and efficiency of care while improving quality and outcomes at lower costs.

"Our goal together is to achieve meaningful and financially relevant payment reform that can identify and reduce inefficiencies and set a new bar for healthcare value across the country," said Chris Garcia, chief executive officer of Remedy Partners. "By combining our expertise in episode-based payment models and advanced technology infrastructure with the National Alliance's unprecedented reach to diverse purchasers and key stakeholders, we are working to drive the transformation towards value-based care."

About National Alliance
The National Alliance of Healthcare Purchaser Coalitions is a nonprofit network of business coalitions, representing more than 12,000 purchasers and 45 million Americans, spending more than $300 billion on healthcare. The National Alliance is dedicated to driving innovation, health, and value along with its coalition members through the collective action of public and private purchasers. The organization seeks to accelerate the nation's progress toward safe, efficient, high-quality healthcare and the improved health status of the American population. To learn more, visit nationalalliancehealth.org or connect with us on Twitter or LinkedIn.

About Remedy Partners
Remedy Partners delivers software and services that enable payers, employers and at-risk providers to organize and finance healthcare delivery around a patient's episode of care. For healthcare providers, Remedy Partners' software, analytics and administrative services support bundled payment contracts with Medicare and commercial insurers, often through shared-risk partnerships. For payers, Remedy Partners empowers the development of bundled payment contracting programs and guides the development of bundled payment networks. Remedy Partners presently delivers its services to partners at more than 1,000 healthcare locations nationwide. To learn more, visit www.remedypartners.com or find us on Twitter @RemedyPartners or on LinkedIn.

SOURCE National Alliance of Healthcare Purchaser Coalitions; Remedy Partners

Related Links

http://www.nationalalliancehealth.org