LEAWOOD, KS and CLEVELAND, Ohio– ValueHealth, LLC, a nationally recognized digital health company empowering consumerism and payment reform, and University Hospitals (UH) based in Cleveland, among the country's leading health systems, today revealed a joint endeavor that will develop a high-value network of state-of-the art ambulatory surgical centers.
The network will expand UH's geographical footprint in Northern Ohio for surgical care, focusing initially on orthopedic surgery and targeting hip and knee replacement. These facilities will be multi-specialty and may include medical services such as otolaryngology, discomfort management, urology, general surgery, and cardiac care. In addition, the brand-new entity formed by the joint endeavor will explore opportunities to utilize existing UH facilities to accelerate speed to market in producing the centers, which will augment UH's connection of care in communities that presently have limited surgical services.
The collaboration use ValueHealth's competence and reputation for establishing demand matching surgical networks including its nationally recognized brand for hyper-specialty joint and spinal column surgery centers, Muve Health. Complementing its operational knowledge, ValueHealth has established a digital surgical innovation platform that assists manage risk-sharing and bundled payment programs. With surgical invest a top expense driver for many payors and self-funded employers, these hyper-specialty centers of excellence can improve the quality of care provided while reducing expenses related to the standard fee-for-service model.
“We are happy to accompany UH in broadening value-based care alternatives for the Northeast Ohio neighborhood,” said John Palumbo, Executive Chairman of ValueHealth. “UH is popular for offering the highest quality, advanced care while constantly innovating care models for the advantage of clients and payors. Joining UH's unrivaled requirements with more than 20 years of ValueHealth's pioneering spirit in the ambulatory care space will substantially move the needle in UH's value-based care improvement journey.”
With this collaboration, UH joins more than 30 health systems presently incorporated into ValueHealth's payor-led, tech-enabled, data-driven digital surgical network. ValueHealth's proprietary technology consists of client management, payor bundles, and guarantee agreements, along with its nationally recognized Ambulatory Centers of Quality (ACE)TM program. ACE certification designates ambulatory surgical centers that not just surpass nationwide accrediting requirements, but fulfill ValueHealth's more stringent scientific, quality, and financial measures.
“Healthcare customers are demanding greater value and UH is committed to delivering,” explained Cliff A. Megerian, MD, FACS, President of University Hospitals. “UH has been on a journey over the previous a number of years to reduce variation in care while enhancing the service experience, improving quality and decreasing cost. We have demonstrated success with national bundled payment and travel surgery programs developed around centers of excellence in locations such as joint replacement and bariatric surgical treatment. Just recently released arise from 2019 showcase UH achieving the highest worth efficiency in the state of Ohio with the most affordable total yearly cost of care for Medicare beneficiaries under an Accountable Care Company. ValueHealth's established relationships with employer consultants Accountable Care Organization. ValueHealth's recognized relationships with employer specialists and national payors will augment UH's capability to develop win-win bundled payment agreements, bringing our world-renowned surgical proficiency to more customers in a value-focused design.”
“We're delighted UH shares our vision for value-based care,” stated Don Bisbee, President of ValueHealth. “Market estimates task that approximately 50 percent of joint replacement surgical treatments will be performed in extremely specialized outpatient surgery centers by 2025. By working together, we're equipping companies and insurance provider with methods to increase the availability of high-quality, cost-efficient health care for their staff members and member patients, supplying predictable and economical rates.”
