Aetna (AET) and BayCare to Collaborative in Florida
Tweet
Share
E-mailGet Alerts AET Hot Sheet
Join SI Premium – FREE
Aetna (NYSE: AET), BayCare Health System and BayCare Physician Partners, announced today a new collaborative care agreement designed to improve the quality of care for Aetna members and lower overall health care costs. The agreement includes Aetna commercial and Medicare Advantage members.
Aetna members who received care from physicians who are part of BayCare's clinically integrated network in the last 24 months will participate in the new collaborative care model. Aetna is also introducing a Medicare Provider Collaboration model with BayCare Physician Partners to support Aetna Medicare Advantage members in the area.
Aetna provides health benefits to more than 1 million people in Florida through a broad array of commercial and Medicare plans. Its members have access to a contracted network of 209 hospitals and more than 28,000 primary care and specialist physicians.
BayCare Physician Partners is a group of 1,100 physicians – both employed by BayCare and independent community physicians – who have agreed to work together to improve the health of their patients and enhance the overall quality and efficiency of patient care services in the Tampa Bay area.
To create this new model of care, BayCare Physician Partners spent more than a year developing the network and recruiting physicians with backing from BayCare, the area’s leading health system with 10 not-for-profit hospitals, home care, laboratories and outpatient facilities. The result is a clinically integrated network of physicians that commit to coordinating with one another and using advanced technology to manage and improve patient care.
Under the collaborative care agreement, Aetna and BayCare agreed to a new payment model that supports physicians in assuming greater accountability for the quality and cost of Aetna members’ overall health care experience.
Aetna will reward BayCare physicians for achieving agreed upon quality and efficiency measures, including:
the percentage of Aetna members who receive recommended preventive care and screenings;
improved management of patients with chronic conditions such as diabetes and heart failure;
reductions in hospital readmission rates; and
reductions in avoidable emergency room visits.
Aetna is working with a number of health care organizations across the country to develop products and services that support value-driven, patient-centered care for all patient populations.
Aetna members who received care from physicians who are part of BayCare's clinically integrated network in the last 24 months will participate in the new collaborative care model. Aetna is also introducing a Medicare Provider Collaboration model with BayCare Physician Partners to support Aetna Medicare Advantage members in the area.
Aetna provides health benefits to more than 1 million people in Florida through a broad array of commercial and Medicare plans. Its members have access to a contracted network of 209 hospitals and more than 28,000 primary care and specialist physicians.
BayCare Physician Partners is a group of 1,100 physicians – both employed by BayCare and independent community physicians – who have agreed to work together to improve the health of their patients and enhance the overall quality and efficiency of patient care services in the Tampa Bay area.
To create this new model of care, BayCare Physician Partners spent more than a year developing the network and recruiting physicians with backing from BayCare, the area’s leading health system with 10 not-for-profit hospitals, home care, laboratories and outpatient facilities. The result is a clinically integrated network of physicians that commit to coordinating with one another and using advanced technology to manage and improve patient care.
Under the collaborative care agreement, Aetna and BayCare agreed to a new payment model that supports physicians in assuming greater accountability for the quality and cost of Aetna members’ overall health care experience.
Aetna will reward BayCare physicians for achieving agreed upon quality and efficiency measures, including:
the percentage of Aetna members who receive recommended preventive care and screenings;
improved management of patients with chronic conditions such as diabetes and heart failure;
reductions in hospital readmission rates; and
reductions in avoidable emergency room visits.
Aetna is working with a number of health care organizations across the country to develop products and services that support value-driven, patient-centered care for all patient populations.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Hanmi Pharm licenses obesity drug to Genentech in $2.3B deal
- Real and RE/MAX Holdings receive court approval for merger
- Denarius Metals acquires 15% stake in Copper Giant, Trafigura invests
Create E-mail Alert Related Categories
Corporate NewsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
