SAN FRANCISCO, Oct. 23, 2018 /PRNewswire/ -- Carrum Health, the next-generation Center of Excellence (COE) platform for self-insured employers, today announced that the company has added two esteemed East Coast hospitals as COEs: Connecticut Joint Replacement Institute (CJRI) at Saint Francis Hospital in Hartford, Conn., and New England Baptist Hospital (NEBH) in Boston.
Continuing Carrum's aggressive expansion of its national footprint, the partnerships address increased demand from companies in the New York Tri-State area and upper New England to expand their employees' options for exceptional health care with access to outstanding hospitals as COEs in their self-insurance programs.
"Carrum Health is distinguished by a rigorous quality evaluation process, which is why we've chosen NEBH and CJRI at Saint Francis Hospital as our latest Centers of Excellence," said Sach Jain, CEO at Carrum Health. "As a top-ranked center of orthopedic care, NEBH has earned advanced certification and recognition from U.S. News & World Report for its achievements in total knee and total hip replacement. Likewise, CJRI at Saint Francis Hospital is one of the top-ranked, highest-quality national centers of orthopedic care. We believe that with access to these two facilities, employees will experience better outcomes and recovery times, as well as lower, more predictable health care costs."
Dr. Steve Schutzer, president of Connecticut Joint Replacement Surgeons and physician executive for the Orthopedic Service Line at Saint Francis, added, "The Connecticut Joint Replacement Institute at Saint Francis is pleased to have been chosen as a Carrum Health Center of Excellence. As one of the largest volume centers in the New York Tri-State area, we consistently rank within the top 10 percent nationally. Carrum Health boosts our opportunity to better serve the changing needs of self-insured employers in the region."
"Providing the highest quality of care and best experience to our patients is our top priority," said David A. Passafaro, president of NEBH. "Carrum Health opens up access to new employer groups who could benefit from the expertise of our health care providers. We are thrilled to become a Carrum Health Center of Excellence."
More East Coast employees will now have a Carrum Health COE within one to two hours' driving distance. Access to CJRI fills a gap for current Carrum customers in the New York Tri-State region, giving employers greater choice of locations and opening the door for Carrum to sign up other regional and national employers. In upper New England, employees will gain access to top surgeons at NEBH, starting later this fall. Shorter travel distances in both areas will translate to higher utilization of Carrum Health.
Carrum's groundbreaking bundled payment platform provides prospective, fixed-price bundles for several of the highest-cost medical spend areas, including musculoskeletal, bariatric and cardiac specialties. For providers, this is more attractive than a population-based approach, such as an accountable care organization (ACO), because providers take on only the risk of an individual procedure, not the risk of the health conditions of an entire employee base. As a result, more providers are joining Carrum's platform and offering its bundles, providing employers and employees with greater choice in more locations.
Carrum plans to add COEs across the country, expanding into six to eight new markets this year. Some 20 percent of employers will use COE programs next year through a vendor such as Carrum Health, according to the National Business Group on Health and Willis Towers Watson surveys.
About Carrum Health
Carrum Health was founded in 2014 with a mission to "bring common sense to healthcare" through a model that benefits providers, employers and their employees. Through Carrum's award-winning platform, progressive self-insured employers are connected with regional Center of Excellence (COE) providers under bundled payment arrangements that make costs for procedures more predictable and lower. By aligning provider incentives with quality performance, Carrum is driving dramatic improvements in both the patient experience and care outcomes. Both employers and their employees achieve significant cost savings, while top doctors and hospitals recognize increased volume, new revenue streams and substantial payment efficiencies. Headquartered in San Francisco, Carrum Health partners with leading COE hospitals including Hoag Orthopedic Institute Surgery Center, Scripps Health, Stanford Health Care, Providence Saint John's Health Center, Swedish Medical Center, Connecticut Joint Replacement Institute at Saint Francis Hospital, and New England Baptist Hospital. Customers include municipal organizations throughout the State of California and Fortune 150 companies. For more information, visit carrumhealth.com
SOURCE Carrum Health