The American Hospital Association analyzed a March 3 report from Banner|Aetna Executive Vice President and Chief Medical Officer Robert Groves, MD, and his reported results of the joint venture between the two companies.
Phoenix-based Banner Health entered a long-term collaboration with Hartford, Conn.-based Aetna in 2016 to create a provider-partnered health plan. Health plans were first offered to members in 2017.
Now more than five years after the initial announcement, results of the Banner|Aetna collaboration "show improvement in all areas of the value equation," according to the AHA.
Three highlights from the AHA analysis:
- Payer operations at Banner Health have grown to serve more than 310,000 Medicare and Medicaid enrollees.
- Cost reductions of over $900 monthly per member after the creation of a special fund for payment barriers.
- The development of multidisciplinary care teams for patient conditions like diabetes, asthma or heart disease has led to improved patient interactions with their healthcare plans.
Based on these results, the AHA also highlighted the following four takeaways: