Columbia, Md.-based MedStar Health has a new value-based partnership with CareFirst BlueCross BlueShield that the organizations said will positively affect projected care costs by $400 million during the next seven years.
Under the partnership, CareFirst will tie payment to patient outcomes and value instead of volume. Focuses of the agreement include preventive care, increased coordination between primary care physicians and specialists, and clinical data sharing.
A management team with members from CareFirst and MedStar will lead the partnership.
Kenneth Samet, president and CEO of MedStar Health, said in a Sept. 16 news release that the partnership "allows for creativity, innovation and unprecedented collaboration between our two organizations to help transform healthcare. Working together to remove barriers and solve challenges will provide our patients with more convenient access to manage their health and experience better outcomes, while helping to make care more affordable."
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