Blue Cross Blue Shield of Mn Cover Hrt
(Minneapolis-St. Paul) June 24, 2019 – Blue Cross and Blue Shield of Minnesota (Blue Cross) and Due north Memorial Health have announced a transformative new joint venture understanding that has both organizations becoming shared owners of Due north Memorial Wellness clinics. N Memorial Health will own 51 percent of the articulation venture. Blue Cross, through its parent company, is purchasing a 49 pct buying stake in the clinics.
The agreement encompasses xx principal and specialty intendance clinics in the Twin Cities that operate under the North Memorial Health brand. The clinic business organization entity will be structured separately from both parent organizations and managed through a newly created CEO position and lath of directors. Jennifer Close, currently President and Primary Ambulatory Officer at N Memorial Health, has been named CEO of the articulation venture. Close has thirty years of experience in leadership positions at healthcare provider and insurance organizations.
The ambitious goal of forging a payer/provider partnership that could simultaneously reshape both the toll and delivery of intendance was spearheaded by 2 CEOs who likewise happen to exist MDs: Dr. Craig Samitt of Blueish Cross and Blue Shield of Minnesota and Dr. J. Kevin Croston of North Memorial Health. As caregivers themselves, Samitt and Croston heard what consumers were proverb – they desire something different from the care system to help them live healthier lives.
"Healthcare costs too much, and information technology is as well ofttimes difficult for people to sympathize and navigate. With this joint venture, we're removing confusion from the equation," said Dr Samitt. "Bluish Cross and Northward Memorial Health have come together to transform healthcare in Minnesota in a style that no others have, and the winner will exist the consumer."
The shared ownership model was designed by both organizations to have Due north Memorial Health clinics serve as the epicenter of healthcare transformation within Minnesota. The accent on value-based payments over volume of services will provide consumers with more affordable intendance, better patient experiences, increased price transparency and more predictability of time to come medical costs.
A key goal of the shared ownership structure is to reduce the overall price of intendance by up to xx percent over five years. The model will focus on wellness, prevention and wellness outcomes, rather than consumption of services.
"Incremental change has been holding the healthcare industry back for too long. The industry is moving too slow, so we are taking bold activity to create a transformative solution that is consumer friendly, improves the quality of care and delivers outcomes that are measurably better than others. Information technology is our mission to evangelize this alter with and for the communities nosotros serve by keeping the healthcare consumer at the center of everything we do," Dr. Croston said.
Recent mergers and consolidations inside the healthcare industry have not resulted in lower pricing or amend service to consumers. This new joint venture aims to change that tendency. Blue Cross and Due north Memorial Health don't encounter this every bit just an buying change. Information technology's an integrated arroyo to manage costs with their respective strengths coming together.
Croston and Samitt say the shared buying will also provide a comprehensive continuum of care based on where consumers want it – in the dwelling house, in the customs or online. The result will be care that is more accessible, more local and more convenient.
"Nosotros will transform service and take consumers out of the centre of interactions with their doctor and insurer," Dr. Samitt and Dr. Croston agreed. "We'll take intendance of the hassle, and so consumers can focus on their health."
While implementation of the shared ownership model will brainstorm in Jan 2020, Blue Cantankerous and N Memorial Health view this equally but the beginning of their relationship – and an of import first step in revolutionizing the way healthcare is delivered in Minnesota.
Virtually North Memorial Wellness
At Northward Memorial Health, nosotros are on a mission to change healthcare. We're delivering unmatched customer service and empowering our customers throughout the Twin Cities to achieve their best health. North Memorial Health offers a complete spectrum of primary care and specialty services to encounter customer'southward unique healthcare needs. North Memorial Health provides access to the high-quality, low-toll intendance throughout the Twin Cities through its specialty and primary care clinics, home care offer, medical transportation services and two hospitals – Northward Memorial Health Hospital and Maple Grove Hospital – and 900+ doctors and 5,000+ squad members that are dedicated to delivering a more connected experience for our customers.
Almost Blue Cross and Blue Shield of Minnesota
Blue Cross and Blue Shield of Minnesota, with headquarters in the St. Paul suburb of Eagan, was chartered in 1933 equally Minnesota'due south start health plan and continues to carry out its charter mission today: to promote a wider, more economical and timely availability of health services for the people of Minnesota. A nonprofit, taxable organization, Blue Cross is the largest wellness plan based in Minnesota, covering two.9 million members in Minnesota and nationally through its health plans or plans administered by its affiliated companies. Blue Cantankerous and Bluish Shield of Minnesota is an independent licensee of the Bluish Cross and Blue Shield Association, headquartered in Chicago.
Source: https://northmemorial.com/news/blue-cross-and-north-memorial-health/
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