Blue Cross Blue Shield of Michigan is partnering with Nashville, Tenn.-based Honest Medical Group for a venture they say will ease physicians' transition to value-based care for Medicare and Medicare Advantage patients.
These transitions often require significant resources to add or upgrade EHRs, billing systems, virtual care and other practice capabilities, according to an April 25 Blue Cross Blue Shield news release. Honest Medical Group will provide the financial and human resources backing to assist practices during the transformation.
Honest Medical Group was created specifically to improve the care experience and reduce costs for people with Medicare, according to the news release.
The partnership enables physicians to be successful as Blue Cross and other private and government health plans accelerate the transition to more comprehensive value-based payment models, according to the news release.