What You Should Know:
– Regence and MultiCare ink first-in-the-nation value-based care partnership to deliver improved health outcomes at lower costs.
Health insurance provider Regence and MultiCare Health System, an independent accountable care organization (ACO) have partnered to deploy a first-in-the-nation value-based model that delivers better health outcomes to members at lower costs while simplifying administration for health care providers. Regence serves approximately 3.1 million members through Regence BlueShield of Idaho, Regence BlueCross BlueShield of Oregon, Regence BlueCross BlueShield of Utah and Regence BlueShield (select counties in Washington). The new approach between Regence and MultiCare Connected Care—the Accountable Care Organization that is a wholly owned subsidiary of MultiCare Health System—marks a milestone in the evolution of value-based partnerships between insurance payers and providers.
Da Vinci Member Attribution List Standard for Value-Based Arrangements
The partnership will leverage utilized a soon to be published HL7® FHIR® (Fast Healthcare Interoperability Resources) Standard “Da Vinci Member Attribution List” which was developed by the HL7® Da Vinci Project for value-based arrangements. This national standard provides an interoperable method to share member attribution data assisting in reducing the burden on provider organizations managing patient data and allowing providers to spend more time with patients. The Regence and MultiCare partnership establish a foundation for the development of future population data interoperability applications, such as the exchange of data for measuring care quality and outcomes.
Why It Matters
Value-based arrangements result in improved outcomes, lower costs and fewer care gaps for health plan members, and higher patient and provider satisfaction. Providers are eligible to earn financial incentives by meeting established targets for patient outcomes, costs and satisfaction scores.
By creating efficiencies and security in delivering patient data to providers more frequently, it allows provider organizations to spend less time acquiring the data and more time with the patient.” said Melanie Matthews, president of MultiCare Connected Care. “It frees up providers to do the work of population health and helps us embrace our mission of partnering for a healing and healthy future.”